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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Forex Technical Analysis
The bitcoin market has dipped slightly during the trading session on Tuesday, as we continue to see a lot of confusion.
BTC/USD: $10k area may be supportive
The S&P 500 has pulled back a bit during the trading session on Tuesday but then turned around to show a certain amount of resiliency.
The Australian dollar has fallen a bit during the trading session on Tuesday, showing signs of exhaustion yet again as the market continues to see a lot of volatility and potential downward pressure.
GBP/USD: New multi-month low price
The NASDAQ 100 initially fell a little bit during the trading session on Tuesday but have turned around to show signs of strength.
EUR/USD: Significant price is well below 1.1750 area
The silver markets went back and forth during a very choppy and miserable day in the pits, as the market could not decide what it wanted to do.
The Euro has broken down significantly during the trading session on Tuesday, reaching down towards the 1.17 handle, and even poking through at one point.
Gold markets fell again during the trading session on Tuesday but seem to be finding a bit of interest near the $1900 level.
The West Texas Intermediate Crude market did very little during the day on Tuesday, as we stabilized a bit after the massive selloff on Monday.
The British pound has broken below the 200 day EMA during the trading session on Thursday as we continue to see a lot of weakness when it comes to Sterling.
Continuing the downward path of the EUR/USD pair, the pair fell to the 1.1731 support at the beginning of this week’s trading, its lowest level in more than a month, before stabilizing around the 1.1753 level at the time of writing and before the important testimony of US Federal Reserve Governor Jerome Powell Later today.
The recent sharp gains in the US currency were a good reason for gold price collapse to the $1883 an ounce during Monday's trading, which is the lowest price for the yellow metal in two months.
The demand for the US currency as a safe haven increased.