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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During last week's trading, the bears tried to push the GBP/USD to breach the 1.4000 level, but the dollar retreated after disappointing US retail sales figures, and the pair closed around the 1.4100 resistance.
Sell-offs in the USD/JPY pushed the pair towards the 109.07 support level at the beginning of trading this week before settling around 109.25 at the beginning of Tuesday's trading.
The positive US inflation numbers were offset by the announcement of a sharp decline in US retail sales.
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The weakness of the US dollar and the decrease in Treasury bond yields helped push the price of gold towards the $1871 resistance at the beginning of Tuesday's trading.
The USD/CAD continues to maintain its bearish attack on important support levels, which have proven vulnerable.
The past week of trading has seen a consolidated range emerge within the USD/BRL and may provide speculators a solid chance to wager.
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ETH/USD has begun to exhibit signs of strain while hovering near important short-term support levels, as the broad cryptocurrency market has begun to exhibit nervousness.
ADA/USD has provided speculators with a blistering trading pace the past week; after reaching new highs only two days ago, it has reversed slightly lower.
0.7816 is likely to be today’s pivotal point.
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The West Texas Intermediate Crude Oil market rallied again after initially pulling back from the gap higher on Monday.
The DAX Index was slightly positive during the trading session on Monday as traders came back to work, and it looks as if it is going to continue to threaten the 15,500 level.
The FTSE 100 fell initially to kick off the trading week on Monday, but then found buyers underneath near the 7000 handle, as the end result was a hammer.
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The NASDAQ 100 fell from the 50-day EMA early during the trading session on Monday but has found buyers underneath to turn things around and show signs of resiliency.
The S&P 500 initially fell during the trading session on Monday but has recovered most of the losses to form a bit of a hammer.
Risk sentiment recovers to boost the euro, but the pound leads.