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 US dollar fluctuated during the course of the trading session on Monday as we have seen a bit of a hesitant market.
The DAX broke higher during the course of the trading session on Monday to break above the 14,250 level.
The S&P 500 was all over the place during the training session on Monday, as the volatility continues to pick up.
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The NASDAQ 100 broke down significantly during the trading session on Monday to wipe out all of the gains from the Friday session.
Gold markets initially tried to rally during the trading session on Monday but gave back the gains rather quickly.
The Australian dollar initially tried to rally during the trading session on Monday but did break down a bit to reach down towards the previous trendline that we have been paying close attention to.
The Bitcoin market initially fell during the trading session on Monday to kick off the week, but we continue to see people jumping into the market just above the $45,000 level.
The euro has broken significantly below the 1.19 handle, an area that I thought needed to be protected in order to keep the uptrend intact.
The British pound fluctuated during the trading session on Monday as we continue to walk along the major uptrend line that forms the channel we have been in.
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The GBP/USD is in a tight range as Forex traders continue watching the Treasury yields market ahead of the US inflation numbers.
The BTC/USD price has bounced back as US Treasury yields erase some of the gains made yesterday.
Long-term bearish trend established as price hits multi-month lows.
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The sharp gains of the US dollar and Bitcoin contributed to the collapse of gold to the $1687 level last week before closing around $1701, its lowest close since early June 2020.
Investors temporarily abandoned optimism for the UK's progress in vaccinations, which contributed strongly to the sharp gains of the British pound against the other major currencies.
The Euro has fallen somewhat hard during the trading session on Friday to reach down towards the 1.19 level.