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 USD/CAD initially dipped a bit during the trading session on Tuesday but found enough support near the 1.34 level, as the Canadian dollar did not seem to pay much attention to the fact that oil recovered.
The GBP/JPY initially tried to rally during the trading session on Tuesday, but gave back gains, and is it looks like we are going to give up the 50-Day EMA.
The NZD/USD initially shot hired there during the trading session on Tuesday, but give back gains above the 200-Day EMA.
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The EUR/USD initially tried to rally during the trading session on Tuesday, but gave back gains as we got close to the 1.04 level.
The EUR/GBP has initially fallen during the trading session on Tuesday, but found enough support near the 0.86 level to turn things around and show signs of life again.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Tuesday, after showing signs of life at the $76.50 area, an area that has offered support over the last couple of days.
The USD/JPY has fallen a bit during the trading session on Tuesday, as we continue to hang on to the same trendline we have been up against for a while.
The S&P 500 fell again during the trading session on Tuesday, just as we have seen during the previous session on Monday.
The NASDAQ 100 has fallen hard during the trading session on Tuesday, slicing through the 50-Day EMA.
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The AUD/USD initially tried to rally during the trading session on Tuesday but gave back gains rather quickly as we continue to consolidate overall.
Spot natural gas prices (CFDS ON NATURAL GAS) settled on an increase in early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.12%.
The Dow Jones Industrial Average fell during its recent trading on intraday levels, breaking a series of gains that lasted for three consecutive sessions, recording losses in its last sessions by -1.45%.
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The price of the lira stabilized against the dollar during the day’s early trading, as investors followed data issued by the country’s Institute of Statistics.
After testing its lowest level in three months, the USD/JPY currency pair is trying to recover ahead of important events affecting the US dollar pairs this week.
The GBP/USD exchange rate has reversed more than half of its decline this year, but it will now face the risk of a corrective setback that could push it toward 1.20, or perhaps back below it in the coming days.