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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 EUR/USD pair has been negative during much of the trading session on Monday but turned around to rally and form a hammer.
Bitcoin markets did very little during the trading on Monday, as we continue to hover just below the $12,000 level.
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The US dollar has initially pulled back a bit against the Japanese yen but turned around to show signs of strength and break above the 106 level.
The WTI Crude Oil market rallied a bit during the day on Monday, breaking the top of the hammer from both Friday and Thursday of last week, so it shows signs of significant strength above that could cause a bounce to the $64 level.
The S&P 500 initially fell during trading on Monday, but as we had formed a nice-looking hammer on Friday, it was obvious that the buyers were ready to come back.
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Get the USD/JPY Forex signal for March 6, 2018 here.
Get the USD/CAD Forex signal for March 6, 2018 here.
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Get the GBP/USD Forex signal for March 6, 2018 here.
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Gold prices ended Monday’s session down $3.33 an ounce as waning risk aversion in the marketplace dented demand for the safe-haven assets.
Get the NZD/USD Forex signal for March 5, 2018 here.
Get the AUD/USD Forex signal for March 5, 2018 here.
Get the BTC/USD Forex signal for March 5, 2018 here.