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 British pound broke down significantly during the trading session on Tuesday but recovered a bit towards the end of the session.
The NASDAQ 100 initially sold off after a gap higher on Tuesday, but then turned around to show signs of life again as we reached towards the 14,750 level.
The S&P 500 bounced significantly during the trading session on Tuesday to wipe out the losses from the Monday session.
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The West Texas Intermediate Crude Oil market pulled back rather significantly during the trading session on Tuesday but then turned around to form a bit of a hammer as we closed just below the $67.50 level.
Long-term low at $28,607 in sight.
The DAX Index rallied a bit during the course of the trading session on Tuesday as we continue to see the market try to pick up a little bit of stability.
The CAC Index gapped a little bit higher to kick off the trading session on Tuesday to show signs of positive momentum.
Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily.
The Australian dollar initially fell during the trading session on Tuesday, but as you can see, it has bounced enough to show hesitation near the 0.73 level.
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The Bitcoin market fell again during the trading session on Tuesday to pierce the $30,000 level, the bottom of the most recent consolidation area, which has the $40,000 level as a massive resistance barrier.
There are initial signs of support at 1.3588.
The EUR/USD is under pressure as investors shift their focus to the upcoming European Central Bank (ECB) decision.
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The AUD/USD pair crashed to the lowest level since November last year as investors reacted to the deteriorating condition in Australia.
At the beginning of this week's trading, the bears moved strongly like the performance last week.
At the beginning of this week's trading, gold prices fell sharply to the $1795 support level, its lowest in a week, as the US dollar benefited from the high levels of risk aversion in the financial markets.