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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Investors returned to risk appetite, which is negative for the price of gold.
Investors' sentiment improved slightly, which gave the USD/JPY the opportunity to correct upwards, reaching the resistance level of 110.38.
Forex investors tried to take advantage of the recent strong decline in the price of the GBP/USD currency pair to return to buying and settle around the 1.3745 level.
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BTC/USD has produced a rather dramatic week of results for speculators and more tests are likely to be demonstrated.
The USD/BRL has continued to create a rather bullish trend and yesterday’s slight reversal lower could prove intriguing.
The USD/MXN has developed a rather solid bullish trend the past week of trading after producing significant choppy results since the third week of June.
The USD/INR has turned lower and is testing important short-term support ratios as speculators contemplate technical direction.
The euro initially fell during the trading session on Wednesday but found enough support in the same general region that we have over the last three days to make this market turn around.
The British pound initially pulled back during the trading session on Wednesday but then turned around to rally towards the 200-day EMA.
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The FTSE 100 gapped higher to kick off the trading session only to turn around and fill that gap before taking off to the upside and filling the gap from the Monday open.
The NASDAQ 100 rallied during the trading session on Wednesday as we continue to see a lot of bullish pressure overall.
The S&P 500 rallied significantly again during the trading session on Wednesday as we continue to see the S&P 500 rally under any circumstances imaginable.
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The pair had made a rebound above the descending trend line after new 7-month low price.
Bulls need to break above 1.1850 to generate true momentum.
The US dollar got hit rather hard across the board during the trading session on Wednesday, so it should not come as a huge surprise to see that the market turned around to break below the 200-day moving average.