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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Since the start of trading this week, gold prices have retreated from their record high set on Friday, when they climbed towards the $2,431 an ounce resistance level.
Potential short trade from $1.2500 area looks interesting.
The AUD/USD pair continued its freefall on Wednesday as the US dollar rally gained steam.
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Bitcoin price continued its sell-off on Wednesday as bears attempted to push it to the crucial support level at $60,000.
The EUR/USD exchange rate has crashed hard this week as investors predict that the Fed and the ECB will move in different directions this year.
The US dollar shot higher during the trading session on Tuesday, breaking above the 17 MXN level, and breaking well above the 50-Day EMA.
The US dollar initially fell against the Norwegian krone but has turned around to show signs of life again.
The US dollar seems to be running out of a little bit of momentum, as we have seen a lot of gains recently, and now it looks like some consolidation could be coming into the picture.
The S&P 500 has gone back and forth during the course of the trading session on Tuesday, as it looks like we are trying to recover after the recent plunge.
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The NASDAQ 100 initially fell a bit during the trading session on Tuesday but has turned around to show signs of life.
The DAX fell a bit during the early hours on Tuesday, but it does look like the 50 day EMA is going to have some type of influence.
The British pound continues to grind higher against the Japanese yen as the interest rate differential by far is the biggest driver.
Bitcoin initially plunged during the trading session on Tuesday, breaking below the 50-day EMA, but has since seen buyers come back into the market in order to pick it up.
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Ethereum was fairly noisy during the trading session on Tuesday, but what has caught my attention is twofold.
The Australian dollar has fallen during the trading session on Tuesday to reach the 200 day EMA and the 50 day EMA indicators simultaneously against the Swiss franc.