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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Speculators who are capable of solid risk-taking management skills may be enjoying the rather stormy middle ground of ETH/USD near term.
It is a bit much to expect that the pair can just take off to the upside and break out.
The Bitcoin market initially fell during the trading session on Wednesday as the $30,000 level continues to be crucial support.
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The gold markets did almost nothing during the day on Wednesday as we await for the Consumer Price Index figures coming out on Thursday to give us the latest read on inflation.
A breakout above 0.7776 may finally happen today.
The ECB release today is highly likely to cause volatility.
The US dollar rallied a bit against the South African rand to reach towards the 13.70 rand level in order to show signs of life again.
The euro rallied significantly during the trading session on Wednesday as we await the CPI figures on Thursday.
The BTC/USD staged a major relief rally on Wednesday as investors reacted to the news from El Salvador.
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The GBP/USD pair retreated during the American session as traders waited for the US inflation and UK industrial and manufacturing output data.
The USD/BRL continues to produce an impressive bearish trend and is now directly situated on top of critical long-term support.
The USD/SGD has produced an intriguing amount of consolidation the past few trading days as momentum within the Forex pair has stagnated.
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UNI/USD continues to run into headwinds which produce stronger selling within the cryptocurrency, and support levels appear vulnerable.
DOT/USD is traversing important support as bearish momentum shows signs of building within the cryptocurrency.
With pressures on the US dollar, the price of gold is trying to maintain the psychological resistance level of $1900, which paves the way for testing stronger highs.