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.
Forex Technical Analysis
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Forex Technical Analysis
The S&P 500 was relatively quiet during the trading session on Monday as earnings season kicked off.
The Euro pulled back just a bit during the trading session on Monday to reach below the 1.19 level but has since then turned around to show signs of support again.
The British pound did have a positive session on Monday, but more than anything else you could say it was a “stabilizing day.”
The Australian dollar continues to chop around back and forth during the trading session on Monday, as the markets are in general looking for some type of directionality.
Gold markets have broken down a bit during the trading session on Monday, as we continue to see gold get hammered longer term.
Bitcoin markets have rallied a bit during the course of the trading session on Monday to reach above the $60,000 level.
ETH/USD has produced record highs and its ability to soar higher while roaring within the media continues to make Ethereum a speculative asset worth considering.
USDT/USD has been leaning in value towards values below the 1.0000 the past week and this may entice short term speculators who have the ability to trade Tether.
ADA/US is hovering within the higher realms of its mid-term values and fast trading conditions are likely to continue short term
Close to major breakdown to long-term low prices.
The USD/MXN has seen resistance levels incrementally lower the past couple of weeks as the forex pair proceeds to demonstrate a fight over equilibrium.
The BTC/USD pair has been in a tight range in the past few days as traders wait for the Coinbase IPO
GBP/USD to react to the latest US inflation numbers
Euro has strength but faces major resistance zone.
The technical picture is now much more bullish as the price trades above the big round number at $60k and just below its record high between $61 and $62k.