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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Trump's trade policies continue to support further gains for the US dollar against other major currencies.
The US dollar continues to gain momentum against other major currencies since Trump’s victory in the US presidential election, while the Japanese yen was negatively affected by the Bank of Japan’s pause in tightening.
The ongoing strength of the US dollar is negatively impacting gold prices, which are now approaching the crucial support level of $2600 per ounce for the bears.
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Japanese index has rallied a bit during the trading session on Monday, as we have seen the Japanese yen lose some of its strength.
During my daily analysis of the AUD/USD pair, the market initially tried to rally a bit during the day, but then fell as we continue to see a lot of questions asked about whether or not the support underneath will hold.
Looking at the New Zealand dollar against the Japanese yen, the New Zealand dollar initially did pull back just a bit to test the 50 day EMA, but then turned around to show signs of life.
The US dollar rallied rather significantly during trading on Monday again as we have pierced the 20.50 level.
During my daily analysis of the NZD/USD pair, the market has gone back and forth on Monday, as we continue to see a lot of noisy trading, as we had sold off quite drastically.
The USD/CAD pair is a market that stands out during my daily analysis of major currency pairs, due to the fact that we continue to bank on the ceiling and try to break much higher.
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During my daily analysis of commodity markets, the gold market has caught my attention as it has seen such a beating.
Dear my daily analysis of US indices, the S&P 500 looks a little stretched, but it is probably worth noting that we are above the crucial 6000 level.
The USD/BRL will open its trading today within still lofty values, taking into account recent risk events which still have a lot of room for speculative interpretation.
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The USD/SGD returned to highs in early trading this morning which were seen last Wednesday following the results of the U.S election, short-term speculators will need to take a deep breath.
The EUR/USD exchange rate crashed to its lowest level since April and formed a death cross, pointing to more downside in the coming weeks.
Bitcoin price surge gained steam in the overnight session as the bullish momentum gained steam.