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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 Parisian index fell during the day on Tuesday, testing significant support near the €4950 level.
The WTI Crude Oil market rallied during the day on Tuesday initially, but gave back quite a bit of the gains as we continue to see volatility in this market. Natural gas markets fell to fill the gap from the Monday session on Tuesday, but bounced a little bit as one would expect.
The US dollar rose slightly against the Japanese yen during the session on Tuesday, as we continue to see interest in this pair. The Australian dollar rallied initially during the day on Tuesday, became back quite a bit of the gains.
The S&P 500 fell slightly during the day on Tuesday as we continue to see a bit of a malaise when it comes to the indices. The NASDAQ 100 went back and forth during the day on Tuesday, but I still see a significant amount of support near the 5300 level.
The EUR had a choppy session during the day on Tuesday, as we continue to see a little bit of a downward bias. The British pound fell during Tuesday’s trading action, breaking below the 1.2250 level.
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Gold prices closed at their lowest level since February 2 on anticipation of tighter U.S. monetary policy and as the dollar strengthened against other currencies.
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