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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Gold markets have fallen a bit during the trading session on Tuesday, as we look likely to roll over and go looking towards the $1700 level again.
Amid profit-taking and new bearish pressure, the USD/JPY pair was pushed to the 108.60 support level before settling around the 108.76 level at the time of writing.
The EUR/USD declined slightly as the market continued to focus on the US bond market ahead of key auctions scheduled for later this week.
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The strength of the US dollar continues to negatively affect the performance of gold prices, which fell to the support level of $1727 before settling around $1737 as of this writing.
The GBP/USD is under pressure ahead of the latest UK jobs numbers and the US new home sales numbers.
The EUR/USD pair had a bearish start to the week, moving to the support level of 1.1875 before settling around the resistance level of 1.1935 ahead of testimony from Federal Reserve Chairman Jerome Powell.
The AUD/USD pair retreated in the Australian session as investors focused on the falling commodity prices and the positive statement by Jerome Powell.
The BTC/USD price dropped sharply in the overnight session, erasing some of the gains made during the weekend.
The GBP/USD pair will be affected by important events this week, including the announcement of jobs and wages numbers in Britain, and the testimony of Federal Reserve Chairman Jerome Powell.
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The Euro has bounced from the crucial support level based upon an uptrend line and of course the round figure of 1.19 just below.
The British pound has fallen initially during the trading session on Monday only to turn around and show signs of life.
The Australian dollar has bounced from the uptrend line and therefore it looks as if we are going to the 0.78 level where we have seen a lot of resistance previously.
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The Bitcoin market has gone back and forth during the course of the trading session on Monday, to lose roughly 2% by the end of the session.
Gold markets initially fell during the course of the trading session on Monday but turned around to show signs of strength again
The West Texas Intermediate Crude Oil market has initially fallen during the trading session on Monday as traders came back to work.