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 AUD/USD pair remained in a consolidation mode after the relatively weak Australian consumer sentiment data and as iron ore prices crashed.
SafeMoon has delivered more wild results in the past week for speculators who cherish the opportunity to pursue the volatile and new cryptocurrency.
The USD/CAD has produced swift reversals the past week of trading which has certainly kept traders alert and likely delivered volatile results.
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The EUR/USD has proven swift and dangerous the past two trading days as its move lower brings the Forex pair into sight of important mid-term support.
Silver suffered a flash crash like gold in early trading yesterday, and then reversed slightly higher, making the commodity an intriguing consideration.
Up against a strong US dollar, the price of gold returned to the support level of $1725 at the beginning of today's trading and settled around $1732 as of this writing.
The bulls have pushed the USD/JPY above the 110.35 resistance, where the pair is stabilizing as of this writing.
The resilience of the GBP/USD may collapse if COVID cases in the UK start to rise again.
The EUR/USD started this week’s trading amid bearish pressure, reaching the 1.1735 support level.
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The DAX Index rallied a bit during the trading session on Monday but continues to see a lot of trouble right around the 15,800 area.
The FTSE 100 was a bit choppy during the trading session on Monday to test a significant area of confluence.
It appears that Bitcoin traders believe that the US Congress will not do anything to stymie the DeFi part of the crypto currency markets, which had been feared over the weekend.
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The S&P 500 drifted just a little bit to the downside to kick off the Monday session, but then turned around to show signs of strength again.
The NASDAQ 100 fell a bit during the trading session on Monday to crash into the 15,000 level.
Gold markets crashed to kick off the trading week as Asians reacted to the rising interest rates in America and the massive selloff that gold had seen on Friday.