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 US dollar has exploded to the upside during the trading session on Monday to slam itself above the shooting star on Friday.
The New Zealand dollar initially tried to rally during the course of the trading session on Monday to break above the 200 day EMA as well as the 50 day EMA but has since fallen rather hard.
The price range of the USD/SGD trading pair has been rather strong the past week.
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The British pound has rallied pretty significantly against the Japanese yen during the Monday session as we continue to see upward trajectory play itself out.
The USD/RUB is now challenging higher marks that were seen last Wednesday.
I see that the EUR/GBP pair is starting to rise again.
Silver rallied a bit during the trading session on Monday but has also given back some of the gains to show signs of hesitation.
I see that the DAX is doing everything it can to break out to the upside.
Gold looks like it is trying to build some type of base for a move higher.
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I have seen quite a bit of sideways action yet again,.
I recognize that bitcoin has been building up a bit of support just above the $60,000 level.
We may be seeing a bearish head and shoulders pattern threatening the support at $1.2600.
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The EUR/USD exchange rate rose after the French election and then reversed gains as investors assessed enduring political risks in the country.
Bitcoin price continued its recovery on Tuesday as investors continued to buy the dip.
The AUD/USD exchange rate wavered after the Reserve Bank of Australia (RBA) published minutes of the last monetary policy meeting.