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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A surge in sentiment following Trump's absence of threats to impose tariffs on the Eurozone helped the EUR/USD currency pair rebound to a high of 1.0544.
The USD/SGD has managed to come off a high produced yesterday near the 1.35130 ratio, and as of this moment is traversing near important near-term support around the 1.34350 value.
The USD/BRL closed within sight of the 5.8100 level yesterday as its higher Forex rate has begun to show signs of solidifying, this as financial institutions worry about Brazil’s fiscal policy and politics.
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The Canadian Dollar has plunged pretty significantly against the Swiss Franc, only to turn around and show signs of strength again.
The FTSE 100 pulled back just a bit during the early session on Tuesday, losing about half a percent.
The US Dollar has fluctuated against the Swiss Franc, but over the past few months, it has quietly rallied, likely slipping under the radar for many observers.
The British Pound continues to find quite a bit of support near the 1.25 level, which could probably be thought of as a massive support level.
The US Dollar again seems to be running out of strength after getting a boost from Trump’s tariff announcement. Direction here looks difficult to predict.
Bitcoin has initially dipped a bid during the early hours on Tuesday but has seen buyers jump in to pick it back up.
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The EUR/USD exchange rate remained under pressure as traders reflected on the ongoing risks of a trade war between the US and other partners.
The GBP/USD exchange rate continued its downtrend after hawkish Federal Reserve minutes and statement from Austan Goolsbee.
Bitcoin price continued its downtrend as the recent rally took a breather. After peaking at 99,767 last week.
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In my daily analysis of the USD/JPY pair, the first thing that jumps out is that we continue to drift a bit lower.
During my daily analysis of exotic currency pairs, the USD/MXN pair has caught my attention, as we continue to threaten the crucial 20.70 MXN level.
During my daily analysis of Ethereum, I’ve noticed that the $3400 level continues to be a major anchor for price.