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.
The British pound has been somewhat noisy against the Japanese yen during trading on Tuesday, but that will have been expected as the Bank of Japan and others have intervened.
The S&P 500 is near the 6,967.00 mark as of this writing via futures trading. The S&P 500 after touching lows near the 6,850.00 ratio early yesterday has moved upwards powerfully.
The Nasdaq 100 in early trading this morning via futures is higher and near the 25,875.00 mark with fast results. It appears that the nervous cloud that has hovered over the index has started to fade.
The Euro has gapped a little bit higher to kick off the trading session here on Monday as we continue to look to break out soon.
The US dollar gapped lower against the Japanese yen, continuing the selling pressure that started on Friday, as traders continue to look to the overall “sell America trade”, and the potential “rate check” coming from the Fed on Friday.
Gold prices have surged past the $5,000 per ounce threshold, driven by global market volatility fueling a historic rally.
Bitcoin has been a little bit positive during the trading session on Monday, as traders look to continue to build a base in a potential turnaround. This is a large area that I think will remain very important for the time being.
The US dollar has been struggling a bit against most currencies globally, and as a result, its not a huge surprise that the MXN continues to attract inflows.
The US dollar has stabilized a bit against the Canadian dollar which I think speaks volumes at this point. Despite the rhetoric, we are still essentially where we have always been.
Silver has absolutely launched higher during the trading session on Monday, as by the time the Americans entered the scene, the market has screamed even higher.
Uncertainty surrounding the future policies of the US Federal Reserve has weakened the US Dollar against other major currencies across trusted trading platforms. This provided a prime opportunity for EUR/USD bulls to drive the pair toward the 1.1906 resistance level—its highest point in four months—before stabilizing around 1.1875 at the start of Tuesday's session.
The US dollar gapped lower against the Swiss franc and has had a lot of problems with multiple currencies, but this is one that is particularly interesting.
The crude oil market continues to be noisy, but there is an opportunity for short-term traders here.
I think you have to look at the 25,000 euro level as a potential area that people will look at through the prism of psychological resistance in the DAX playing the biggest part on Monday.
Yesterday’s close gave trend-following funds a long entry signal on this currency pair, as the US Dollar weakened.
