Traders of the USD/SGD have been able to participate in a rather range-bound week, as the currency pair has drifted between 1.33100 to 1.33800 consistently.
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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The US dollar attempted to rally against the Japanese yen on Tuesday but ultimately showed signs of hesitation at the key resistance level of ¥138.50.
The natural gas markets have been on a downward trend recently, with prices falling during Tuesday's trading session.
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The gold market has experienced some slight upward movement during Tuesday's trading session, amidst a lot of noisy behavior.
The West Texas Intermediate (WTI) crude oil market has continued to show negative behavior, as concerns about the global economy contribute to a lack of demand for energy and crude oil.
The AUD/USD rallied significantly during Tuesday's trading session, reaching the 50-Day EMA, following a surprise interest rate hike by the Reserve Bank of Australia.
The S&P 500 initially rallied during Tuesday's trading session as the market braces for the Federal Reserve meeting on Wednesday.
The silver markets have been exceptionally noisy over the last few weeks, and during Tuesday's trading session, they fell a bit, bouncing around the $25 level.
The EUR/USD has been experiencing a lot of choppy trading lately, with back-and-forth movement in the market.
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The Japanese yen has gained some ground but has shown signs of hesitation by giving back some of its gains.
The GBP/USD has been trading in a small range between the 1.2550 level and the 1.2350 level, exhibiting a lot of uncertainty and noisy behavior.
My EUR/USD signal on 24th April was not triggered as the bearish price action took place above the highest resistance level which I had identified at $1.1056.
The GBP/USD price has been stuck in a tight range even after the strong British housing numbers.
Bitcoin price drifted upwards in the American and Asian sessions as traders rushed to safety ahead of the FOMC decision.
The Australian dollar rose and then retreated after the shock interest rate decision by the Reserve Bank of Australia (RBA).