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 initially tried to rally on Tuesday but found the 50 day EMA to be a bit resistive again, just as it had on Monday.
The gold markets have broken down a bit during the trading session on Tuesday to slice down through the $1700 level again.
The NASDAQ 100 has fallen a bit during the trading session on Tuesday, as the 50 day EMA has caused a bit of resistance.
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The S&P 500 continues to show signs of noise in general, and it now looks like the market is going to be a “buy on the dips” type of scenario every time it happens.
The US dollar has rallied significantly during the trading session on Tuesday to reach towards the 50 day EMA again.
The West Texas Intermediate Crude Oil market has gapped higher to kick off the Tuesday session, but seems to be respecting the previous uptrend line as resistance.
Bitcoin markets rallied again during the trading session on Tuesday to reach towards the $60,000 level.
Although the U.S. dollar is very strong, the pound is not one of the weakest currencies because it is not falling here against the dollar the way other currencies are.
The EUR/USD price declined to the lowest level since November 4 as investors continued watching the performance of US bond yields.
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The AUD/USD price declined as the market reacted to the ongoing government bond sell-off and the overall strong US dollar.
BTC/USD proved it has the ability to continue breaking record values in March and the month of April is ready to get kicked off as the value of the cryptocurrency is still strong.
The Euro has seen a serious drop during the month of March, and it looks very likely to continue into the month of April, at least initially.
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The British pound has been a bit soft during the month of March, but still remains somewhat elevated.
The S&P 500 has been slightly positive during the course of the month, using the 3800 level as a floor and the 3950 level as resistance.
The NASDAQ 100 has gone back and forth during the course of the month in March and it now looks as if we are trying to build up enough momentum to finally break out to the upside