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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In my daily analysis of the New Zealand dollar, it looked initially like we were going to continue taking off to the upside, but it's probably worth noting that we have shown signs of exhaustion.
In my daily natural gas market analysis, the first thing I notice is that we gave back gains rather rapidly to form an inverted hammer.
In my daily analysis of the British pound against the Japanese yen, I find the price action somewhat interesting.
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The pound has weakened across the board as the odds of a Bank of England rate cut continue to rise steadily, with markets now pricing in a cut today.
The Japanese yen rose against the US dollar in the middle of the trading week after the Bank of Japan raised its benchmark interest rate by up to 25 basis points.
The euro hovered around $1.082, remaining below a four-month high of $1.094 touched on July 17, as traders digested key economic data and assessed the next move from the European Central Bank.
At the start of trading on Thursday, the price of gold jumped towards the resistance level of $2,458 per ounce.
The USD/INR pair is near the 83.7310 realm as of this writing with the typical amount of rather fast changes occurring across the screen because of its large spread between bid and ask prices.
The U.S. dollar has fallen a bit against the Philippine peso during the trading session on Wednesday as we wait for the Federal Reserve decision.
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The Australian index has rallied rather significantly during the trading session here on Wednesday, gaining almost 2%, and at one point, actually did gain over 2%.
The New Zealand dollar has exploded to the upside showing signs of strength yet again during the trading session on Wednesday mirroring what we saw on Tuesday.
Intriguingly the currency pair has touched a high around 278.7755 mark earlier today, which is a value that had last been seen since the 12th of July.
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It's easy to see that the 1.13 level is an area that a lot of people are paying attention to.
Bank of Japan did in fact raise interest rates.
In my daily analysis of the pound, I recognize that we did see a little bit of selling pressure across the board, and part of that might be due to the fact that the Bank of England has an interest rate decision on Thursday.