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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Bitcoin price faced strong resistance at $68,500 this week as investors focused on Mt.Gox account movements and US politics.
The Japanese yen continued its recovery against the US dollar as focus shifted to the upcoming interest rate decisions from the Bank of Japan (BoJ) and the US Federal Reserve next week.
For five consecutive trading sessions, the GBP/USD exchange rate has been under selling pressure.
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EUR/USD is under selling pressure and is currently trading around 1.0842, ahead of the release of PMI readings for the manufacturing and services sectors of the eurozone and US economies.
Gold prices are in a rebound mode this week, gaining above the $2419 resistance level and recovering from last week's losses that took the price down to the $2384 support level.
Traders of the USD/RUB need to remain patient and wait for their wagers on the currency in a similar fashion that fishermen put their bait into the water and then let the day play out.
The CAC had initially tried to rally during the trading session on Tuesday but gave back gains as the 200 day EMA continues to offer a little bit of resistance.
The British pound initially pulled back just a bit during the trading session here on Tuesday, but then turned around to show signs of life.
Selling in the NZD/USD has been strong and support levels have proven vulnerable.
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The pound has fallen a bit against the Japanese yen, as we have seen a bit of a risk off type of attitude around the world.
It's easy to see that initially, the ruble strengthened during the trading session on Tuesday, but the US dollar has recovered quite nicely.
The British pound has drifted a little bit lower during the trading session, but it looks like buyers are trying to protect the 1.29 level.
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The 0.53 level is offering a certain amount of support.
It's hard not to notice that the market has pulled back a bit after that explosive day on Monday.
It's hard not to notice the fact that even though we sold off in the early hours on Tuesday, the buyers came back to get involved and started pushing this market higher again.