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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Despite the continuous selling operations from February 23, which the GBP/USD currency pair experienced, with losses to the 1.3273 support level
In light of the constant anxiety in the financial markets, the selling operations of the euro against the dollar EUR/USD are still going on.
However, the price is approaching long-term resistance at $45,668.
The euro fell all the way down to the 1.11 handle underneath, which is where we had bounced from previously.
AVAX/USD is trading below the 88.0000 level as of this writing.
ETH/USD remains fast and its speculative landscape is producing quick results for traders.
The German DAX Index has had a very rough 24 hours in the futures market, as it had initially tried to rally towards the €14,500 level but then failed.
The West Texas Intermediate Crude Oil market broke significantly higher on Tuesday to slam through the $100 level.
The S&P 500 tried to rally during the day on Tuesday, only to fail at the 200-day EMA which is at the 4400 level.
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The NASDAQ 100 initially tried to go higher on Tuesday but pulled back rather significantly to close towards the bottom of the candlestick.
Gold markets broke out significantly on Tuesday as fear continues to be a major problem around the world.
The Australian dollar pulled back from the 200-day EMA on Monday, which sits just below the crucial 0.73 handle.
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Monero has been very bullish during the trading session on Tuesday to reach towards the $180 level.
Ripple broke above the $0.75 level over the last couple of days, which suggests that perhaps we are ready to go higher based upon the fact that we have formed a nice “V bottom.