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 NASDAQ 100 fell rather hard during the trading session on Tuesday as the world awaited the congressional testimony of Jerome Powell.
The S&P 500 fell rather hard to kick off the trading session on Tuesday, as traders started to worry about the congressional testimony by Jerome Powell later in the day.
The West Texas Intermediate Crude Oil market fluctuated significantly during the trading session on Tuesday as it looks like the market is a bit overdone.
Top Forex Brokers
The US dollar initially tried to rally during the trading session on Tuesday, reaching towards the 1.2650 level before pulling back again to show signs of negativity.
Bitcoin markets got absolutely hammered during the trading session on Tuesday, as we continue to see massive amounts of volatility.
The euro initially rallied during the trading session on Tuesday but gave back the gains as we got close to the 1.2175 handle.
The British pound has rallied again during the trading session on Tuesday to reach the top of the uptrending channel.
The GBP/USD price continued to rally during the American and Asian sessions as traders reflected on the latest UK jobs and a testimony by Jerome Powell.
The EUR/USD is in a tight range ahead of the second reading of the German fourth-quarter GDP and US new home sales numbers.
Bonuses & Promotions
The AUD/USD is loitering near its highest level since February 2018 after the relatively strong wage growth data from Australia.
The BTC/USD bounced back in the overnight session as investors rushed to buy the dips.
The ETH/USD price dropped sharply today, accelerating the cryptocurrency sell-off that started yesterday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Gold had a strong bullish start this week as it jumped to the $1812 level before settling around $1809 at the beginning of trading on Tuesday.
The easing of UK coronavirus restrictions caused the GBP/USD to correct upwards, its gains reaching the 1.4086 resistance level, where it settled around as of this writing.
Ahead of testimony by Federal Reserve Governor Jerome Powell later today, the USD/JPY experienced strong bearish momentum.