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 West Texas Intermediate Crude Oil market has rallied significantly during the trading session on Tuesday, slicing through the 200-day EMA.
The NASDAQ 100 has broken down significantly during the trading session on Tuesday, reaching down towards the 50-day EMA again.
The Bitcoin market fluctuated during the trading session on Tuesday, as we continue to see this market overdone in the short term.
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The silver markets have gapped slightly during the trading session on Tuesday, but then fluctuated in a relatively small range.
The gold market has rallied a bit to the upside during the trading session.
The Australian dollar has found the trading to be difficult, as we have seen choppy trading in both directions.
The US dollar has fluctuated during the trading session on Tuesday as we continue to see a lot of back and forth against the Japanese yen.
Long-term bullish trend holding.
Lopsided consolidating triangle pattern.
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Pound is relatively strong.
Support at 1.1767 looks pivotal today.
At the beginning of this week's trading, the EUR/USD pair continued the upward correction path, as was the case last week.
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Despite the return of the US dollar's strength against other major currencies, the price of GBP/USD remained unchanged at the beginning of this week’s trading.
During yesterday's trading, gold prices fell sharply and recorded their biggest drop in more than seven years.
I have mentioned a lot in recent USD/JPY technical analyses that moving in narrow ranges for a long time heralds a strong price explosion in one of two directions.