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 GBP/USD pair pierced the important resistance point at 1.3000 for the first time in over a month as the greenback sell-off continued.
The EUR/USD strong surge accelerated as the market started to brace for a new era of easy money in Europe and the United States.
Bitcoin price made a short-lived breakout to $61,470 on Tuesday and then moved back to its previous range of 59,000.
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The AUD/USD exchange rate is in its third consecutive week of gains as the US dollar’s crash accelerates.
The Japanese yen has appreciated to the vicinity of 145 yen against the US dollar, reaching its highest levels in about two weeks due to the weakening US dollar and increased expectations of monetary policy easing by the Federal Reserve.
Amidst an upward momentum, the EUR/USD pair rose above the resistance of $1.1080, reaching its highest level in nearly eight months, as expectations of US interest rate cuts by the Federal Reserve pressured the dollar.
At the start of this week, the GBP/USD currency pair jumped close to the psychological resistance of 1.3000, reaching its highest level in a month.
As trading began this week, gold traded around and above the psychological resistance of $2,500 per ounce, hovering near its all-time highs, driven by strong demand for safe-haven assets as financial markets assessed the Federal Reserve's monetary policy expectations.
The currency pair is traversing value it last saw in the middle of July, and it should be noted the USD/BRL also traded within this realm in the middle of June.
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The USD/SGD is trading near the 1.30845 level as of this writing, which is within sight of lower values not traded in a handful of years.
The British pound has rallied again during the trading session on Monday as it looks like we are threatening the 1.30 level.
The British pound has gone back and forth during the course of the trading session here on Monday as we continue to dance around the 190 yen level.
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The CAC Quarante has shown itself to be bullish during the early hours on Monday, but then looks as if it is going to struggle with a 50 day EMA.
The German index has rallied slightly during the trading session here on Monday, as it looks like we are trying to grind towards the 18,650 euro level.
The euro bounced a bit during the early hours on Monday as it looks like the 0.85 level is going to give a little bit of support, especially as the 50 day EMA sits just below all things being equal.