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 plunged again during the trading session on Tuesday as we continue to see a lot of negativities around the world.
The USD/JPY rallied a bit early during the trading session on Tuesday, but it looks like the giveback was rather quick as we have run out of momentum.
The USD/CAD rallied a bit during the trading session on Tuesday to break higher yet again, above the 1.36 level.
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The S&P 500 has fallen again during the day on Tuesday as we continue to see traders start to weigh the idea of higher interest rates for longer as a potential negative catalyst.
Even though it was a green candlestick for the day, the reality is that the market in gold did not recover from the Sell from the previous day.
The EUR/USD exchange rate entered the new week's trading in full swing with the help of the rise in the renminbi price.
Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline in early trading on Tuesday, to record new daily losses until the moment of writing this report, by -1.89%.
The Dow Jones Industrial Average slid down during its last trading on intraday levels, to incur strong losses in its last sessions by -1.40%.
The GBP/USD exchange rate reached multi-month highs last week after the US Federal Reserve and Chinese health officials appeared to inspire investors' appetite for risk assets.
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The price of the TRY/USD stabilized during early trading today, Tuesday, without major changes.
For the second day in a row, the price of the USD/JPY currency pair is trying to rebound to the upside, after strong and sharp selling to the currency pair.
I have often indicated in the technical analysis of the XAU/USD gold price that the recent bullish rebound gains are sufficient to push the technical indicators towards overbought levels.
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The dynamic buying of the GBP/USD over the past week and in reality the past two months may be resulting in a short-term test of its higher range.
The USD/MXN offers speculators a chance to test their short-term perceptions, which may be fueled by technical and contrarian sentiment.
The GBP/USD price pulled back as the recent rally started easing.