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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Yesterday the USD/BRL closed near its high, and once again touched values seen when nervous buying took place on Thursday and Friday of last week.
The USD/SGD jumped higher on Friday after the U.S jobs numbers announcement, and in early trading this week has sustained a new price realm as speculators question what’s next for the currency pair.
The Euro has found a little bit of support near the 1.0950 level, an area that has been important multiple times in the past.
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The DAX has shown itself to be negative during the trading session on Monday, but at this point in time, it looks like the market has seen the 19,000 euros level as important.
As you can see, the Japanese index has pulled back pretty significantly during the trading session on Monday, but that does make a certain amount of sense, considering that the 40,000 level, of course, has a lot of psychology attached to it.
The market is likely to continue to see a lot of volatility from what I see, and at this point in time I think we’ve got a situation where traders will have to look at this through the possibility of trying to find value wherever we can.
There are a lot of different things coming around at the same time when it comes to technical analysis of the CAD/JPY pair, and therefore I think it’s worth noting that the market is at an interesting place that a lot of people will be paying close attention to.
The S&P 500 pulled back just a bit during the trading session on Monday as we continue to see a lot of noisy trading overall.
The GBP/USD pair has stood out a bit, as it looks like we are rapidly approaching a confluence of potential support based on technical analysis and market history.
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The Aussie dollar has fallen pretty significantly during the early hours on Monday as we are approaching the 50 day EMA.
The USD/CHF pair continues to see a lot of noisy behavior near the 0.86 level, and this has caught my attention.
The USD/MXN pair currently sits on the 50 Day EMA indicator.
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The GBP/USD pair continued retreating, falling to its lowest point since September 12 as the US dollar index (DXY) and Treasury yields bounced back.
The EUR/USD currency pair continued its recent sell-off as investors embraced a risk-off sentiment in the market.
Bitcoin held steady in the overnight session even as American stocks continued its downward trend.