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 GBP/USD declined for the past six consecutive days as investors remain concerned about the spreading delta variant of coronavirus.
The recent selling operations pushed the price of the USD/JPY currency pair to the 110.43 support level, which is stable, with the currency market anticipating important US job numbers.
The bullish rebound gains for the EUR/USD currency pair last week that culminated in testing the resistance level 132.70, are subject to setbacks at the beginning of this week's trading.
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The pressure factors on the sterling are strong and continuous and may cause more losses for the GBP/USD pair.
The continued strong purchases of the US dollar weakened the price of gold.
The British pound has fallen a bit during the course of the trading session on Tuesday as we continue to see the US dollar strengthened, not only against the British pound but also against several other currencies.
The euro has fallen a bit during the course of the trading session on Tuesday to pierce the 1.19 level to the downside.
The Bitcoin market has rallied a bit during the course of the trading session on Tuesday as we continue to see a lot of noisy behavior.
The S&P 500 has rallied ever so slightly during the trading session on Tuesday to make it an all-time high yet again, but it is not hard to see that we are running out of momentum, and perhaps even more importantly, we are running out of volume traded in the market.
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The NASDAQ 100 has rallied significantly during the course of the trading session again on Tuesday, as we have now taken out the 14,500 level quite handily, and it looks like we are ready to go much higher.
The USD/BRL has produced a very solid consolidated range the past week of trading, and this may raise the eyebrows of speculators who believe a breakout can occur.
After almost hitting the 14.00000 support ratio on the 25th of June, the USD/ZAR has generated additional buying power and is challenging short term sentiment.
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The USD/INR continues to prove bearish speculators wrong as it incrementally climbs higher and tests mid-term values seen in April.
ETH/USD has been able to test short-term highs recently, but after attaining the slightly pricier values, reversals lower have occurred.
The US dollar has rallied significantly against the Canadian dollar during the trading session on Tuesday, to reach towards the 1.24 handle.