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 Bitcoin market fell during the trading session on Tuesday day to reach down towards the 50-day EMA, the most common indicator that a lot of trend traders use in the Bitcoin market.
The NASDAQ 100 had a very rough trading session during the trading session on Tuesday to fall all the way down to the 13,500 region.
The S&P 500 pulled back rather significantly during the trading session on Tuesday to reach down towards the 4125 handle.
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The DAX Index fell rather hard during the trading session on Tuesday to break down below the crucial 15,000 level.
The price is experiencing a bearish tilt due to lower lows and lower highs.
The Australian dollar broke down a bit during the trading session on Tuesday to reach towards the 50-day EMA.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as we are pressing the top of a huge ascending triangle.
The euro fell during most of the trading session on Tuesday to reach down towards the previous downtrend line and find support.
The British pound fell a bit during the trading session on Tuesday but found buyers underneath to keep the market somewhat afloat.
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The gold markets initially tried to rally during the trading session on Tuesday but could not break above the $1800 level.
The AUD/USD price bounced back after data showed that the Australian economy was firing on all cylinders.
The EUR/USD price has formed a bearish pennant pattern as the market starts to price in higher interest rates or Fed tapering as the economy rebounds.
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For three trading sessions in a row, the EUR/USD is trying to stop recent losses that pushed it towards the support level of 1.2013 before settling around 1.2030 as of this writing.
The USD/JPY’s retracement gains this week pushed the pair towards the 109.69 resistance before settling around 109.45 as of this writing.
In an attempt to recover ahead of important events, the GBP/USD pair is moving around 1.3915 since the start of trading on Tuesday, before testing the 1.3860 support level as of this writing.