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 South African rand initially picked up quite a bit of strength against the US dollar, breaking down below the 15 rand level initially.
The US dollar fell rather hard against the Indian rupee on Tuesday to slice through the ₹75.50 handle.
The NASDAQ 100 rallied significantly on Tuesday, breaking above the top of the hammer that had formed during the previous day.
The S&P 500 rallied a bit on Tuesday as the 200 day EMA has come back into the picture.
The Solana market rallied a bit on Tuesday as we have seen a little bit of “risk on behavior” overall.
Litecoin rallied a bit on Tuesday as the $120 level has offered support.
Bitcoin rallied significantly on Tuesday as we are starting to see signs of life again in the crypto markets.
Gold markets tested the crucial $1880 level on Tuesday but pulled back rather significantly.
To call it a withdrawal is probably a bit of an stretch, but Russian troops have pulled back a bit from the Ukrainian border, at least in limited numbers.
Bonuses & Promotions
The GBP/USD pair wavered in the evening session as investors reacted to the good news from Russia and as traders waited for the upcoming UK inflation data.
The BTC/USD pair bounced back as market risks eased.
The AUD/USD pair was in a tight range after the strong American producer inflation data and after optimism about Ukraine.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Gold futures are trading at their best in three months as investors monitor the border crisis between Ukraine and Russia.
Despite the recent strength of the US dollar, GBP/USD has settled above the recently recovered 1.35 level.
The EUR/USD exchange rate suffered a major setback last week.