The US dollar seems to be running out of a little bit of momentum, as we have seen a lot of gains recently, and now it looks like some consolidation could be coming into the picture.
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.
Most Recent
The US dollar initially fell against the Norwegian krone but has turned around to show signs of life again.
The S&P 500 has gone back and forth during the course of the trading session on Tuesday, as it looks like we are trying to recover after the recent plunge.
Top Forex Brokers
The DAX fell a bit during the early hours on Tuesday, but it does look like the 50 day EMA is going to have some type of influence.
The NASDAQ 100 initially fell a bit during the trading session on Tuesday but has turned around to show signs of life.
The British pound continues to grind higher against the Japanese yen as the interest rate differential by far is the biggest driver.
Bitcoin initially plunged during the trading session on Tuesday, breaking below the 50-day EMA, but has since seen buyers come back into the market in order to pick it up.
Ethereum was fairly noisy during the trading session on Tuesday, but what has caught my attention is twofold.
The Australian dollar has fallen during the trading session on Tuesday to reach the 200 day EMA and the 50 day EMA indicators simultaneously against the Swiss franc.
Bonuses & Promotions
The sharp uptrend in the price of the US dollar against the Japanese yen USD/JPY continued, with gains reaching the resistance level of 154.44, the highest for the currency pair in 34 years.
For the second week in a row, the GBP/USD pair has been completing its strong downward correction path, which has pushed it towards the 1.2425 support level, its lowest in five months.
At the start of trading this week, gold traded below the new high it hit last week, even after Iran's unprecedented attack on Israel over the weekend.
The US Dollar has continued to advance following its bullish breakout in late March from a consolidating triangle formation.
Amid a pessimistic outlook, the heavy losses suffered by the euro price last week against the US dollar open the door to further declines in the coming days.
The Nasdaq 100 has rallied a bit during the early hours on Monday, as perhaps there's been a big sigh of relief that the Middle Eastern conflict hasn’t expanded.