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.
Gold will remain an asset to focus on, as the volatility around the $4600 level remains.
The US dollar continues to threaten the crucial 160-yen level, an area that's been important multiple times, and I do think we need to pay close attention to that area.
As rates rise, we continue to see the NASDAQ 100 struggle for real traction.
Silver continues to see a lot of volatility, as rates are still elevated, and the headlines continue to be noisy to say the least.
The Australian dollar finds itself near the crucial 50 Day EMA on Tuesday, as there are still many questions about where we go next.
The Bitcoin market will continue to be one that I watch closely, as we have seen it show signs of stability, when most other things are not able to.
The DAX in Germany has been negative during the session on Tuesday, as the yields in Germany and elsewhere continue to be elevated.
The US dollar has been very noisy in the past 24 hours, as the headlines in the Middle East continue to be the main driver.
The New Zealand dollar sees a lot of weigh around its neck at the moment, as we are sitting on a massive support level.
The USD/ZAR exchange rate plunged to its lowest level since March 12, continuing a downward trend that started March 31 when it peaked at 17.23. It has dropped to 16.48 as the South African rand gained momentum.
Today's Gold Support Points: $4610 – $4560 – $4490 per ounce.
