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 British pound rallied a bit during the trading session on Wednesday to reach towards the 1.40 handle above and the 50-day EMA as well.
The GBP/USD is rising for the fourth straight day as investors wait for the latest Bank of England (BOE) interest rate decision.
The BTC/USD retreated after staging a relief rally on Wednesday.
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Since the start of this week's trading, the price of the EUR/USD has been trying to correct upward and compensate for its sharp losses recently, to reach the 1.1848 support level.
For three trading sessions in a row, the price of the GBP/USD currency pair is trying to correct upwards.
There are factors that strongly contributed to pushing the price of the US dollar against the Japanese yen currency pair to correct higher with gains
Despite the halt of the recent sharp gains of the US dollar, the price of gold lacks sufficient momentum to rebound higher.
The USD/BRL continues to march to its own drumbeat in many regards, and the strong bearish trend remains a feature in the Forex pair.
After attaining a high of nearly 20.75000 on the 18th of June, the USD/MXN has begun to see selling demonstrated.
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The USD/INR continues to incrementally increase in value and important resistance is certainly the next target for bullish speculators.
The USD/SGD is clearly within sight of mid-term resistance levels and speculators are being confronted by an intriguing trading decision.
The DAX fell down to the 15,500 level before turning around and showing signs of life to form a bit of a hammer for the trading session.
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The S&P 500 gapped higher to kick off the trading session on Tuesday, but then turned around to fill that gap only to start rallying again.
The West Texas Intermediate Crude Oil market did very little during the trading session on Tuesday, as the market is seemingly okay with the idea of the massive gains that had been part of the situation on Monday.
The NASDAQ 100 continues to show signs of strength as we have broken to all-time highs yet again.