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 pulled back just a bit on Tuesday, but then turned around to show signs of life again in order to form a hammer.
The NASDAQ 100 was trying to rally on Tuesday but continues to slump as the markets are starting to be concerned about inflation and other such situations globally.
The West Texas Intermediate Crude Oil market fluctuated on Tuesday as it sits just above the $80 level.
Top Forex Brokers
The Canadian dollar fluctuated on Tuesday, sitting just below the 1.25 handle.
The FTSE 100 initially pulled back on Tuesday but found enough support at the 50-day EMA to show signs of life again.
The euro continues to drift lower as it initially tried to rally but then gave back those gains to reach towards the 1.15 level.
The British pound rallied during the early hours on Tuesday, but as you can see, has given back quite a bit of the gains to show signs of exhaustion.
The British pound is showing minor relative strength.
The AUD/USD price held steady as investors priced in a strong economic rebound for the Australian economy.
Bonuses & Promotions
The EUR/USD price made a bearish breakout on Tuesday as investors focused on the upcoming inflation data from the United States.
The GBP/USD tried to complete the upward recovery path from the end of last week’s trading, reaching the resistance level 1.3673.
The EUR/USD has remained stable under downward pressure around the 1.1550, its lowest support in months.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Gold settled around the $1753 support level in yesterday's trading as it trades in a narrow range.
The Japanese yen continued its decline against the other major currencies, amid hopes of a wider divergence in interest rates between the US and Japan.
The USD/BRL will begin its trading today within the upper realms of its mid-term price range and bullish momentum continues to incrementally be strong.