Expectations are growing daily that Britain is closer to leaving the EU without an agreement, and those expectations have gained momentum from Boris Johnson assignment.
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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With the beginning of this week’s trading, gold prices are trying to rebound to the top and compensate for its recent losses, reached during Monday's session to the $1428 resistance level, where it is currently setting almost at the beginning of Tuesday’s trading.
The USD/JPY pair's attempts to rebound stopped at the 109.00 resistance level, as the US Federal Reserve began its meeting to determine its monetary policy and will announce tomorrow its latest decision on interest rates and the future of the Bank's policy.
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The S&P 500 did very little during the trading session on Monday, but quite frankly we have a major interest rate decision coming out on Wednesday that will have a major influence on this market.
British pound traders shorted the GBP/USD pair massively to kick off the week, breaking through the vital 1.2350 level and even reaching below the 1.2250 level as well.
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The Euro did very little during the trading session on Monday, as we continue to simply dance around just above the 1.11 handle.
The US dollar has initially fallen during the trading session on Monday but found enough support underneath the 50 day EMA to turn things around and show signs of life.
The WTI market has done very little again during the trading session on Monday, as we continue to go back and forth
The Australian dollar gapped lower on Monday, turned around to rally during the day, but gave back those gains to form a very bearish looking candle stick.
The natural gas markets initially tried to rally on Monday and then broke down quite a bit.
Bitcoin markets went back and forth during the trading session on Monday, testing the uptrend line that is clearly marked on the chart.