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.
With the start of this week’s trading, and after a bearish correction in the last trading sessions of the EUR/USD, the pair tried to compensate for losses, which pushed it to the 1.1072 support, rebounding towards the 1.1106 resistance.
The European Union has been given a three-month deadline as a new date for Brexit, until Jan. 31, instead of the earlier date of Oct. 31.
The gold price was positive at the beginning of this week by moving towards the $1508 resistance.
Investor risk appetite has increased especially after the EU agreed to extend the Brexit date by another three months after the British government failed to pass the Brexit agreement through the British House of Commons to enable Johnson to exit earlier than Oct. 31.
The euro bounced a little bit during the trading session on Monday from the lows of Friday trading.
USDJPY: Look for bullish breakout beyond 109.00
Bitcoin: Bullish breakout holds above long-term trend line
The US dollar will be very quiet during the training session on Tuesday against the Japanese and, as we await the Federal Reserve FOMC meeting announcement on Wednesday.
The S&P 500 has rallied to a fresh, new high during trading on Monday as the trading public is trying to get ahead of the Federal Reserve announcement.
The NASDAQ 100 has shown signs of resiliency again on Monday, finally breaking out to the upside in making a fresh, new hire.
The British pound has rallied a bit during the trading session on Monday as traders came back to work from the weekend.
The Australian dollar has rallied a bit during the training session on Monday, breaking above the top of a shooting star from the previous session on Friday.
Looking at the market, you can see there Monday was less than spectacular.
