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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XRP/USD has correlated well with the broad cryptocurrency market and has seen its value spike higher in recent trading.
ADA/USD produced a surge yesterday as the cryptocurrency went from around 1.450000 to 1.740000 and mid-term highs are now being tested.
The euro continues to lose against the US dollar as the Tuesday session was a simple continuation of what we have seen over the last several days.
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The British pound initially tried to rally during the trading session on Tuesday but gave up all of the gains at the 50-day EMA yet again.
The US dollar pulled back the last couple of days against the Indian rupee but has recovered those losses quite easily.
The Consumer Price Index is coming out on Wednesday, and it seems as if the markets are simply waiting to see whether or not we will see nasty inflation or some other type of disappointment.
The NASDAQ 100 pulled back a bit during the trading session on Tuesday as we wait for the CPI figures on Wednesday.
The US dollar drifted a little bit lower against the Canadian dollar on Tuesday to reach down towards the previous uptrend line, sitting just above the psychologically and structurally important 1.25 handle.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as the uptrend line continues to make a bit of support for the market.
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Gold markets fluctuated on Tuesday as we continue to look at the gold market through the prism of whether or not inflation is a major issue.
The Bitcoin market rallied again during the trading session on Tuesday but gave back early gains to form a bit of a shooting star.
The CAC fluctuated during the trading session on Tuesday as it starts to run out of steam just above the 6800 level.
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The GBP/USD price declined slightly overnight after the US Senate passed the $1 trillion infrastructure package.
The EUR/USD price retreated after the relatively weak German sentiment data and the overnight vote on infrastructure in the US.
The BTC/USD remained in a tight range after the strong Coinbase earnings and the infrastructure bill that was passed by the American Senate.