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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The Bitcoin market rallied significantly during the trading session on Wednesday, bouncing from the crucial $30,000 level.
Gold markets fell during the trading session on Wednesday but also found buyers at the same level it had on Monday.
The US dollar continued to see a lot of pressure in both directions, as traders continue to try and figure out what is going on with the situation on the ground in South Africa.
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The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Wednesday to reach above the $70 level.
The GBP/USD pair rose in the overnight session as investors continued to focus on the UK reopening and the Delta variant situation.
The BTC/USD price held steady above $31,000 as investors focused on the B Conference that features some of the most prominent individuals in the industry.
The demand for safe havens is still in favor of the new downside path for the EUR/USD currency pair, down to the 1.1755 support level.
During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.
The day of British freedom from Corona restrictions was the day of sharp losses for the pound sterling against the rest of the other major currencies.
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For the second day in a row, the bulls are trying to push the price of the USD/JPY currency pair above the 110.00 psychological resistance.
The USD/CAD continues to demonstrate an ability to pursue an upwards trend which ignited in earnest on the 1st of June.
XRP/USD has created a slight reversal after falling to important lows yesterday, but the 50 cents juncture still may prove to be a bearish target.
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ADA/USD traded within sight of the 1.000000 juncture yesterday, but managed to sustain its price above this key psychological ratio.
DOGE/USD has put in a slight reversal in the past twelve hours, but it has accomplished this after testing the 16 cents level yesterday.
If we break above the top of this wedge, it is a bullish sign and could send the euro higher.