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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In the beginning of this week’s trading, the USD/JPY pair plunged to the 107.76 support.
The S&P 500 did almost nothing during the trading session on Tuesday, as we are heading towards a Non-Farm Payroll Friday.
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For three consecutive trading sessions, the GBP/USD pair is trying to correct higher, but its gains did not exceed the 1.3211 resistance, before settling back down around the 1.3100 support at the time of writing.
The West Texas Intermediate Crude Oil markets gapped lower to kick off the trading session on Tuesday but found enough support near the $62.50 level to turn around and show signs of life again.
Investors' appetite for the US dollar as a safe haven, after the recent tensions between the United States and Iran.
Bitcoin: Bullish breakout beyond $8k pivotal point
The US dollar has rallied a bit during the trading session on Tuesday, breaking above the 200 day EMA but hasn’t exactly exploded to the upside.
Technical expectations for the future of gold prices have increased recently to move towards new record and historical levels.
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The US dollar has rallied significantly during the trading session on Tuesday against the South African Rand, as we tried to break out above the 14.30 Rand level.
The Australian dollar has broken down significantly during the trading session on Tuesday, testing the previous downtrend line.
Gold markets initially gapped higher to kick off the trading session on Tuesday, but then broke down to get close to filling the gap from the Monday session before rallying yet again.
US Dollar weakness is not priced into financial markets but may emerge as a dominant trend in 2020.
A sideways trend emerged in this currency pair after the GBP/CAD descended into its support zone.