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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After any drop in the GBP/USD currency pair, Forex traders begin to think about buying.
The FTSE 100 has enjoyed an increase in value in the midst of the holiday season and it comes as no surprise.
The USD/ZAR has seen a slight reversal higher the past day of trading as resistance levels have been tested.
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The USD/PKR is not a Forex pair that all speculators pursue.
Although light holiday trading is taking place in Forex, the USD/SGD has seen its bearish trend remain steadfast.
The AUD/USD pair rose as the Australian dollar jumped against its US counterpart during morning trading.
The Bitcoin markets fluctuated during the trading session on Tuesday in what continues to be an extended and stratospheric move.
The British pound initially rallied during the trading session on Tuesday, breaking above the 1.35 handle yet again.
The euro continues to look very bullish, as we saw buying pressure during the trading session on Tuesday.
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The NASDAQ 100 initially tried to rally during the trading session on Tuesday, but as US Senate Majority Leader McConnell suggested that it was not going to be an easy path through the Senate for an extension of stimulus payments from $600 to $2000, people started running for cover later in the day.
The S&P 500 initially tried to rally during the session on Tuesday, but then turned around to form a shooting star.
The Australian dollar rallied during the trading session again on Tuesday, as we are likely to continue seeing a move to the upside over the long term.
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The Brazilian real strengthened against the US dollar during trading on Tuesday as we continue to see stimulus drive the value of the US dollar lower.
The US dollar initially tried to rally against the Indian rupee during the trading session on Tuesday.
The West Texas Intermediate crude oil market initially tried to rally during the trading session on Tuesday but then turned around to form a tiny shooting star.