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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For the third consecutive day, the price of the GBP/USD pair is attempting to bounce back after sell-offs that pushed it towards the 1.3053 support after investors fled to the dollar as a safe haven due to the new tensions between the United States and Iran.
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Although the announcement of inflation figures from the Eurozone does not bring about a major change in the performance of the European currency.
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The US dollar has gapped lower to kick off the week on Monday against the Japanese yen but then turned around to show plenty of strength.
The S&P 500 gapped lower to kick off the week on Monday, and then pulled back towards the lows that we ended up forming on Friday.
The NASDAQ 100 initially pulled back to kick off the week on Monday, but as you can see, we have seen a significant move higher later in the day and more of a “risk on” type of move.
The Euro has tried to rally a bit during the trading session on Monday, reaching towards the 1.12 handle.
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Following a strong rally, after this currency pair completed a breakout above its support zone, the upside is exhausted.
The British pound has rallied a bit during the trading session on Monday, as we continue to see a lot of volatility.
The Australian dollar has gone back and forth during the trading session on Monday, as we look ahead to see whether or not this supportive area will hold.
Crude oil markets have been very strong over the last couple of trading sessions after the United States killed a top ranking Iranian general.
Traders chose to brush aside tension in the Middle East quickly as the US military is sending the Bataan Amphibious Readiness Group to the Persian Gulf.