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 BTC/USD market has fallen a bit during the trading session on Monday as we continue to see a lot of lackluster momentum.
The Ethereum market has pulled back from the 50-Day EMA, and therefore looks as if it is not ready to go higher yet.
The US dollar has initially dipped against the Japanese yen on Monday, but then turns around quite rapidly to form a bullish candlestick
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The S&P 500 E-mini contract has reached the 50-Day EMA, breaking above the 3800 level.
The GBP/USD initially gapped higher on Monday but gave back those gains rather rapidly as we continue to see US dollar strength.
The AUD/USD has fallen rather hard during the session on Monday as the 0.64 level has offered too much in the way of resistance.
The NASDAQ 100 initially pulled back on Monday, but then turned around to find buyers yet again.
At the end of trading last week, with the decline in the price of the US dollar.
I have often pointed out and warned that the collapse of the Japanese yen will not last long, despite the USD/JPY having crossed the psychological resistance level of 150.00.
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Strong volatility and the absence of a clear direction continue to affect the performance of the GBP/USD currency pair, in light of concerns about the future of political and economic life in Britain.
At the end of last week’s trading, the record US dollar gains were temporarily halted, which allowed the EUR/USD currency pair to rebound higher with gains towards the 0.9870 resistance level, which closed trading stable around it.
Spot natural gas prices (CFDS ON NATURAL GAS) continued their decline in early trading on Thursday.
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The USD/BRL went into the weekend around the 15.1610 mark and traders should expect a gap upon the currency pair’s opening this morning as always.
The USD/ZAR has opened with slight bullish movement in early trading this morning as global markets continue to display nervousness.