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.
Most Recent
The AUD/USD is under pressure in early trading as the market reacts to the recent meeting between the US and Chinese representatives in Alaska and the falling oil prices.
Bitcoin markets initially pulled back during the trading session on Friday but then shot higher as markets continue to look at cryptocurrencies as a way to get away from fiat currencies.
The Australian dollar initially fell during the trading session on Friday but then found support near the 50-day EMA to turn things around and form a slightly supportive candlestick.
Top Forex Brokers
The market is still very sluggish and does not look very strong, due to the fact that the yields in America continue to throw it around.
We have been in a downtrend in this market for quite some time, and it certainly looks as if we may continue to see this.
It looks as if the market is going to continue to see a lot of volatility, and the oil market has been overbought for some time.
The S&P 500 fell during most of the trading session on Friday but also turned around by the end of the session.
NASDAQ 100 traders were somewhat stabilizing during the trading session on Friday as we saw a hammer form heading into the “quad witching” hour.
The euro continues to go back and forth overall, as we are hanging around at the 1.19 level.
Bonuses & Promotions
We have turned around to form a rather bullish candle by the end of the day, so at this point I think we are going to continue to see quite a bit of resiliency.
At this point, we are trying to figure out whether or not we are going to go sideways or breakdown.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of March 22, 2021.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 22, 2021 here.
Start the week of March 22, 2021 with our Forex forecast focusing on major currency pairs here.
The West Texas Intermediate Crude Oil market lost almost 10% during the trading session on Thursday to slice through the $60 level.