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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Get the BTC/USD Forex signal for May 8, 2019 here.
Get the USD/CAD Forex signal for May 8, 2019 here.
Get the USD/CHF Forex signal for May 8, 2019 here.
Get the GBP/USD Forex signal for May 8, 2019 here.
Get the EUR/USD Forex signal for May 8, 2019 here.
The WTI Crude Oil market fell during the trading session and a chaotic move formed.
The US dollar fell rather hard against the Japanese yen during the trading session on Tuesday, as the stock markets came undone in the United States.
The S&P 500 initially tried to rally during the trading session on Tuesday, but then got absolutely crushed as we sliced through the bottom of the hammer from the previous session.
The Gold markets continue to test the neck line of the previous head and shoulders pattern, suggesting that the market still isn’t convinced of the overall negativity.
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The Euro has been very volatile as of late, as we continue to chop around a major level.
Bitcoin markets rallied again during the trading session on Tuesday, reaching towards the crucial $6000 handle.
To be honest, I am a bit surprise that we managed to break below the 1.12 level as it look like it was going to hold.
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The US dollar has been grinding back and forth against the Canadian dollar, which of course isn’t much of a surprise.
The month of May could be interesting for the Australian dollar, as we have seen a lot of bearish pressure on it.