The USD/SGD continues to vanquish support levels.
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.
Most Recent
The US dollar initially fell during the trading session on Monday to plunge below the 5.20 level, before turning around and shooting straight to the upside.
The US dollar had a rough trading session initially on Monday as it plunged below the ₹73 level.
Top Regulated Brokers
The Bitcoin markets initially pulled back during the trading session on Monday, but then found massive amounts of volume to the upside during the day to reach as high as $34,800 at the peak.
The NASDAQ 100 initially tried to rally during the trading session on Monday, but turned around to break through the uptrend line.
The S&P 500 initially tried to rally during the trading session on Monday but then sold off drastically, as we see many concerns when it comes to the Senate runoff election in Georgia.
Aussie remains one of the strongest major global currencies.
The West Texas Intermediate crude oil market initially rallied early on Monday to reach towards the $50 level, an area that will attract a lot of attention because it is a large, round, psychologically significant figure.
The Australian dollar initially tried to rally during the trading session on Monday, but gave back the gains at the highs from the Friday candlestick.
Bonuses & Promotions
Gold markets have gapped higher to kick off the trading session on Monday and to start off the new year on the right foot.
The euro gapped higher to kick off the year, showing signs of strength, and then took right off to slam into the 1.23 level by midday.
The British pound initially tried to rally during the trading session on Monday, and even broke a bit higher during the day as it peaked above the 1.37 handle.
The EUR/USD pair is holding steady near its two-and-a-half-year high as traders react to the mixed manufacturing PMI data and the upcoming Georgia runoff election.
The current weakness of Bitcoin price is mostly because of profit-taking after the currency rallied by more than 700% from its lowest level in March.
The long-term bullish trend does not appear to have been significantly impacted by this day’s fall.