All things being equal, it looks like we are digging into an area that has a lot of support attached to it, starting at the 355 HUF level, extending down to the 350 HUF level.
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 natural gas market initially trying to rally during the early hours on Tuesday but continues to struggle with the idea of the 200 day EMA offering a bit of a ceiling.
AUD/JPY has given back an attempt to break out to the upside.
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The Nikkei 225 initially rally during the early hours on Tuesday, but I can see that this is an asset that might be running out of momentum.
Bitcoin has rallied a bit during the trading session on Tuesday, but it looks like the 50 day EMA has come into the picture to cause a few headaches.
The GBP/USD pair pierced the important resistance point at 1.3000 for the first time in over a month as the greenback sell-off continued.
The EUR/USD strong surge accelerated as the market started to brace for a new era of easy money in Europe and the United States.
Bitcoin price made a short-lived breakout to $61,470 on Tuesday and then moved back to its previous range of 59,000.
The AUD/USD exchange rate is in its third consecutive week of gains as the US dollar’s crash accelerates.
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The Japanese yen has appreciated to the vicinity of 145 yen against the US dollar, reaching its highest levels in about two weeks due to the weakening US dollar and increased expectations of monetary policy easing by the Federal Reserve.
Amidst an upward momentum, the EUR/USD pair rose above the resistance of $1.1080, reaching its highest level in nearly eight months, as expectations of US interest rate cuts by the Federal Reserve pressured the dollar.
At the start of this week, the GBP/USD currency pair jumped close to the psychological resistance of 1.3000, reaching its highest level in a month.
As trading began this week, gold traded around and above the psychological resistance of $2,500 per ounce, hovering near its all-time highs, driven by strong demand for safe-haven assets as financial markets assessed the Federal Reserve's monetary policy expectations.
The currency pair is traversing value it last saw in the middle of July, and it should be noted the USD/BRL also traded within this realm in the middle of June.
The USD/SGD is trading near the 1.30845 level as of this writing, which is within sight of lower values not traded in a handful of years.