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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Investors' fears about the future of Chinese economic growth coincided with expectations of a recession in the US economy, which increased the appetite of investors and markets to buy safe-havens.
The return of investors to buy safe havens helped XAU/USD (gold) prices to return to timidity to test the $2003 resistance an ounce.
Despite the US dollar's recent decline, the GBP/USD rebound did not exceed the resistance level of 1.2506, including the currency pair's strong selling operations that pushed it toward the support level of 1.2386.
Since the start of this week’s trading, the price of the euro currency pair against the US dollar, EUR/USD, tried to maintain its gains above the psychological resistance of 1.1000.
The USD/BRL has traded in an extremely tight price range the past week as financial houses seemingly are content with the current price equilibrium.
The USD/SGD traded above the 1.33900 ratios briefly on Tuesday, a mark not traded in a sustained manner since the third week of March.
On Tuesday, the US dollar has been experiencing a lot of noisy behavior in its trading session against the Japanese yen.
The S&P 500 fell slightly on Tuesday but remains in a very tight range.
The silver market had a negative early hours session on Tuesday, but buyers returned as the open outcry session began.
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The natural gas market is presently trading between $2.00 and $3.00, with traders keeping a close eye on the 50-Day EMA, which is a trend-defining indicator.
The GBP/USD tried to rally during Tuesday's trading session, breaking above the 1.25 level.
The GBP/USD pulled back as investors embraced a risk-off sentiment after the relatively strong US housing data and weak corporate earnings.
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Bitcoin continued consolidating as the recent sell-off lost steam.
The Australian dollar made a bearish breakout to the lowest level in more than a month as after the latest inflation data from Australia and positive American housing numbers.