The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The WTI Crude Oil market broke down significantly during the trading session on Tuesday, slicing below the 50 day EMA.
Gold markets rallied significantly during the Tuesday session, slicing through the $1400 level which of course is a psychologically significant figure.
The US dollar fell rather hard during the trading session on Tuesday, filling the gap against the Japanese yen.
The Australian dollar has rallied quite nicely during the trading session on Tuesday, using the 0.6950 region as support.
Natural gas markets tried to rally significantly during the trading session on Tuesday, but then pulled back to find selling pressure yet again.
The bitcoin markets initially fell during the trading session on Tuesday but found enough support at the previous uptrend line from the top of the channel to turn things around.
The Nasdaq market fell initially during the trading session on Tuesday but turned around to show signs of strength again
We mentioned in the previous technical analysis that the bullish correction for the pair is still weak and is expected to decline again if the Euro does not find stronger catalysts.
The price of the yellow metal had the worst performance in a year, as the price fell to the level of support at $1382 per ounce from the resistance level of $1424 and stabled around 1392 at the time of writing
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The British manufacturing sector was significantly affected by the slowdown in the global economy and the uncertainty of Brexit future, which added to the pressure on the pound.
Weak US Economic Results stopped the USD / JPY recovery pushing it to 108.52 at the beginning of this week as investors were optimistic of the Trump and Xi agreement on the resumption of trade negotiations.
NZDUSD: 0.6650 area looks pivotal
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