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
Gold futures are trading in a relatively stable performance with a bearish bias as gold moved towards the $1,776 support level before settling around $1,782 as of this writing.
For three trading sessions in a row, the USD/JPY has been trying to stop its losses, moving towards the 113.61 resistance amid a relative calm in the markets considering the Chinese crisis and the new COVID variant.
Amid limited momentum, the pound rose against other major currencies.
As with last week, the EUR/USD settled around the 1.1266 support level.
The DAX Index rallied a bit on Monday to show signs of life as the 200-day EMA has stepped back into the picture.
The euro pulled back a bit against the US dollar on Monday, showing signs of hesitation at the previous falling channel, as the market has tried to break above that previous support level that should now be resistance.
The British pound gapped higher to kick off the trading session on Monday, starting the week on the right foot.
The NASDAQ 100 initially fell on Monday, but then bounced from the uptrend line that I have marked on the chart.
The S&P 500 was rather noisy on Monday, reaching to break above the 4600 level at one point.
Bonuses & Promotions
The gold market gapped a little bit higher to kick off the week, but then proceeded to drop immediately.
The West Texas Intermediate Crude Oil market rallied significantly to reach towards the 200-day EMA.
The Ethereum market was all over the place throughout the weekend, as it sold off just like Bitcoin did.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Bitcoin market broke down significantly over the last couple of days, crashing all the way to the 200-day EMA which is closer to the $47,000 level.
The Australian dollar bounced a bit on Monday to kick off the week on the right foot.
The price still looks likely to break down below consolidating triangle pattern.