The DAX jumped higher at the open on Monday, as traders continue to watch the Middle East for clues at this point. The markets are looking towards the idea of Friday being a step in the right direction with the agreement signing.
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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USD/CHF pulls back as US rates fall, but interest rate differentials may still support a rebound above the 200-day EMA.
GBP/USD: Bullish Channel Contained Within Consolidation Zone
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AUD/USD rises after the RBA leaves rates unchanged, with traders watching the FOMC decision and resistance near 0.7250.
Bitcoin rebounds toward $66,700 as risk-on sentiment improves, but traders remain cautious ahead of the FOMC decision.
EUR/USD holds near 1.1600 after risk-on sentiment improves, but a descending channel keeps the short-term outlook cautious.
Silver jumped higher at the open on Monday, as traders continue to price in the idea of “normalcy” with the idea of the Iranians and Americans moving closer to peace.
The SP 500 gapped higher to kick off the week, as traders are looking to celebrate the possibility of peace breaking out in the Middle East. The stock market could possibly be turned around quickly on the wrong headlines.
Crude oil drops at the open as the markets continue to see the headlines out of the Middle East suggesting that we are going to see the Straight of Hormuz opening soon.
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The US dollar initially fell at the open against a lot of currencies, as traders are looking to press the issue on potential peace breaking out.
The Euro has rallied early on Monday, as traders are pricing in the idea that the United States and Iran might be looking to extend the ceasefire and move towards peace in general.
The Australian dollar rose in early trading on Monday, as the idea that the Iranians and Americans can agree on something has traders looking to add more risk to their portfolios.
The US dollar fell to kick off the session on Monday, as we are looking at the 160-yen level as a potential launching pad for a longer-term move.
A strong selloff has occurred in the USD/MXN over the past few trading sessions, this morning’s price action has seen another move lower as the currency pair is near 17.19200 approximately.
Positive comments from both sides of the conflict in the Middle East regarding an approaching peace agreement—which would initiate the reopening of the Strait