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 euro has fallen a bit against the US dollar during trading on Tuesday as Americans came back from the Labor Day weekend.
The US dollar rallied a bit during the course of the trading session on Tuesday and we have launched from the 1.35 level, and it looks like we are trying to recover.
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During the trading session on Tuesday, we seen Tokyo sell off quite drastically as the Nikkei 225 fell rather significantly to test the 50 day EMA.
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The bullish parade higher in the NZD/USD currency pair touched a price value of nearly 0.63030 on Thursday of last week.
The crude oil market has plunged rather significantly during the trading session on Tuesday as Chinese demand seems to be cratering.
This currency pair has fallen strongly as market sentiment moves into more firmly risk-off territory, knocking the Australian Dollar and pushing the price below the former key support level and major quarter-number at $0.6750.
It’s easy to see that we have been stabilizing over the last couple of days.
The ASX 200 has shown itself to be somewhat negative.
I’m paying close attention to the fact that we have continued to fall quite drastically, and therefore it’s likely that we could see a revisit of the previous resistance barrier, although at this point in time it is still a little early to call for that.
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The NZD/USD pair looks very week, as we had stretched far too high in the air, and now it looks like we are starting to drift a bit lower.
The US dollar initially tried to rally, we have since seen this asset pull back a bit, but that makes a certain amount of sense considering that we are essentially “swimming upstream.”
The GBP/USD pair continued its downtrend in the overnight session as the US dollar recovery accelerated.
The EUR/USD exchange rate continued its downtrend as the US dollar recovery continued.
Bitcoin price held relatively steady even as American stocks tumbled to their lowest levels in almost a month.
The recent sales did not derail the gold price from its general trend and adherence to the psychological resistance of $2,500 per ounce confirms the strength and control of bulls over the trend.