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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Usually, the price of gold moves higher in times of uncertainty and risk-aversion, but this time the price of gold collided with the strength of the US dollar.
After the GBP/USD pair abandoned the 1.4000 psychological resistance level, the bears gained control and succeeded in pushing the pair towards the 1.3740 support.
Renewed fears and risk-averse sentiment were positive for the Japanese yen against the rest of the other major currencies.
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Bears are still controlling the performance of the EUR/USD pair as US monetary policy officials are still confident in the future of the country's economic recovery amid vaccinations and economic stimulus plans.
The AUD/USD price declined sharply in the evening session as traders reacted to the relatively weak commodity prices and the stronger US dollar.
The EUR/USD price dropped to the important support at 1.1835 as the market reflected on Jerome Powell and Janet Yellen’s testimony in Congress.
The Euro fell significantly during the trading session on Tuesday as Germany has announced further lockdowns.
The NASDAQ 100 has been very choppy and quiet during the trading session on Tuesday as we are sitting just above the 50 day EMA.
The German index initially pulled back a bit during the course of the trading session on Tuesday as we have seen more lockdowns coming to Germany.
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British pound traders sold early during the trading session on Tuesday and continued to do so throughout the day.
The S&P 500 has pulled back a bit during the course of the trading session on Tuesday as we continue to see a lot of volatility just above the 3900 level.
The Australian dollar has broken a major trendline that goes back well over six months in order to show signs of negativity again.
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The US dollar has rallied a bit during the trading session on Tuesday to reach all the way to the 1.26 level before pulling back.
Bitcoin markets have initially fallen during the trading session on Tuesday but turned around to form a bit of a hammer.
The West Texas Intermediate Crude Oil market has dropped rather significantly during the trading session on Tuesday again, slicing through the 50 day EMA.