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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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.
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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.
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.
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.
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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.
The US dollar rallied again on Monday to reach towards the 14.75 rand level, an area that has been tested previously, as we formed a handful of shooting stars in that region.
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The West Texas Intermediate Crude Oil market found itself on its back foot Monday as there was suddenly a lot of negativity.
The euro fell yet again during the trading session on Monday as we continue to see interest rates in the United States pick up.
The British pound drifted just a little bit lower during the trading session on Monday as we continue to see the US dollar flex its muscles.