Bitcoin is bearish like almost all commodities in the current market environment.
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 S&P 500 fell somewhat significantly during the trading session on Tuesday, to reach down toward the 50-Day EMA indicator.
The British pound has rallied during the trading session on Tuesday to reach toward the 1.15 level above.
The Aussie dollar fell significantly during the course of the trading session on Tuesday.
The GBP/USD pair dipped sharply amid a broader US dollar rebound.
The EUR/USD exchange rate dived sharply after mixed European and American economic numbers.
The euro has rallied a little bit against the British pound as we have tested a major area of support right around the 0.8525 level.
The Australian dollar suffered a harsh reversal after the relatively weak Australian retail sales and US consumer confidence report.
The US dollar has rallied a bit during the early hours on Tuesday as we continue to see a lot of noisy behavior.
Bonuses & Promotions
Bitcoin initially did try to rally a bit during the trading session on Tuesday, but since then has plunged lower.
The gold market has shown itself to be rather negative during the day. But I think at this point you have to look at it through the prism of a market that is now testing major support.
USD/ZAR: Lower Move Doesn’t Prevent More Speculative Concern
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Wide Price Range Could Become Calmer Moving Ahead
During recent Forex trading, the GBP/USD exchange rate recovered last week but was unable to maintain the 1.25 level.