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 Australian dollar has rallied significantly during the trading session on Tuesday, slicing through the 0.71 handle.
The British pound rallied a bit during the trading session on Tuesday, but as you can see, we continue to fail to break above the 50 day EMA.
The US dollar initially pulled back a bit during the trading session on Tuesday, but then rallied significantly to reach towards the ¥105.70 level.
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For the second day in a row, the EUR/USD currency pair is trying to rebound to the upside after sell-offs that pushed it towards the 1.1612 support, its lowest in two months, and is currently stabilizing around 1.1680, awaiting any new developments.
The yellow metal is trying to confirm that it is the best safe haven for investors despite recent selloffs.
Contrary to last week’s performance, the GBP/USD currency pair started this week’s trading amid positive performance.
As can be seen on the USD/JPY daily chart, there are several attempts to breach the resistance level at 105.70 for three trading sessions in a row, but the pair lacks sufficient momentum to cause this to happen.
AUD/USD: Upwards move could continue to 0.7182
Resistance levels in the USD/BRL have experienced increased pressure and higher values for the forex pair appear to be attainable.
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USD/JPY: 106.00 area looking pivotal
The USD/ZAR has continued to see volatile trading the past week, but importantly the forex pair has trended higher as bullish momentum continues to express strength.
BTC/USD: Centre of gravity at $10,700
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The NASDAQ 100 has rallied a bit during the trading session on Monday as we are above the 50 day EMA.
The US dollar has gone back and forth during the trading session on Monday as traders came back to work.
The US dollar has gone back and forth against the Canadian dollar for the last several sessions, as we are reaching towards a significant level in the form of 1.3450 just above.