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 EUR/USD exchange rate wavered on Tuesday as traders waited for the upcoming US retail sales and pending home sales data.
Bitcoin price was largely unchanged at a crucial resistance level as traders reflected on the recent market events, including the rising ETF inflows and market manipulation in the industry.
The Euro has been noisy on Monday against almost everything else. This is a pair that I am watching very closely at the moment.
Initially we saw a bit of selling in the gold market, but since have seen a bit of a recovery as rates cooled off slightly.
We continue to see the USD/MXN pair act as a large barometer for risk appetite, and the carry trade overall.
The Nasdaq 100 fell to open the week, as the risk appetite of traders was crushed by the headlines coming out of the Middle East.
The silver market has seen a lot of noisy trading on Monday, as the headlines continue to move markets, via the interest rate markets in the US and beyond.
The resilience in Bitcoin has been something I have been watching for a while, and I have to admit – it looks like the market simply doesn’t want to fall apart.
The US dollar initially tried to gain on the Loonie, but failed to hang onto gains, as the world continue to move on the latest headlines coming out of the Middle East.
The FX markets continue to see a lot of back and forth trading, and the EUR/GBP pair won’t be any different.
The US dollar has seen a lot of back-and-forth action on Monday, and the USD/JPY will have been no different. At this point, the pair continues to show a “buy on the dip” quality.
The US dollar continues to tread water against the ZAR on Monday, as traders are trying to weigh risk appetite.
Bitcoin (BTC) is flashing a rare “buy” signal in its weekly time frame, one that previously ignited a massive rally in price.
In early morning trading today the USD/MXN has seen increased velocity upwards and is sustaining prices near the 17.36200 vicinity with fast fluctuations being demonstrated.
As of this writing the USD/ZAR is around the 16.33800 ratio depending on the bids and asks, and as a wide spread is being seen in the currency pair, and as the broad Forex market remains jittery.
