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.
The gold market continues to bounce around quite a bit, as we see the US dollar causing noise.
Nvidia looks like a market that will be moving soon, and quite frankly, it’s about time. With the GTC Conference starting today, a headline should get this stock moving.
The GBP/USD pair moved sideways on Tuesday as investors focused on the ongoing Iran war and Donald Trump's pressure on countries to help reopen the Strait of Hormuz. The pair was trading at 1.3310, up slightly from this month's low of 1.3218.
The BTC/USD pair continued its strong uptrend as it jumped to the highest level since February 4. It rose to 75,000, up by 25% from its lowest level this year.
The AUD/USD exchange rate rose slightly after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It rose to 0.7065 on Tuesday, up slightly from this month's low of 0.6940.
Higher realms continue to be seen in the USD/MXN as it trades around the 17.86000 ratio, this as nervousness is demonstrated by financial institutions who remain cautious globally.
There is a medium-term descending price channel which continues to hold the price lower, but the price action is ascending from the low and looks likely to test pivotal resistance.
At this point in time, I am a seller only, but I think that this market is probably going to continue to see overhead resistance, as we head toward the next RBA interest rate decision.
The Nasdaq 100 tried to recover on Friday, but at this point, it looks like the concerns of war, inflation, and energy continues to be a driver.
In the short term, this currency pair looks very sick. Ultimately, it looks likely to attract sellers anytime it tried to rally. There are no scenarios where I am a buyer of this pair.
The US dollar rallied quite a bit on Friday against the Loonie, as the markets are trying to price in risk destruction.
The market is in the middle of an attempt to truly break much higher, as we are now facing a potential shattering of a resistance barrier that has been held since 1990.
The USD/ZAR is around the 16.87900 ratio with a wide spread early this morning, this as the currency pair has shown signs of sustaining nervous highs after moving upwards on Thursday and Friday.
Bitcoin continues to see buyers are the moment, as we are looking at the market through the prism of a potential turnaround.
Gold dropped on Friday, as traders continue to see a lot of questions about war, inflation, and central bank hoarding of the metal.
