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.
Most Recent
The price of gold is still stable around and above the psychological resistance of 1900 dollars an ounce.
Due to the recovery of the US dollar against the rest of the other major currencies, the GBP/USD currency pair lost some of its gains, as it fell to the 1.4111 support yesterday.
For the second day in a row, the USD/JPY currency pair is trying to breach the 110.00 psychological resistance level to get out of the quagmire of the decline.
Top Forex Brokers
The DAX Index has traded slightly lower the past day-and-a-half, but this occurred after new record highs were achieved early in the week.
XRP/USD has turned in a winning streak the past few days as the cryptocurrency has bounced off lows.
The USD/ZAR has continued to press up against important long-term support levels and brush them aside.
The USD/INR has produced another leg upwards, which has the Forex pair challenging resistance levels seen almost two weeks ago.
The euro initially had broken down during the trading session on Wednesday to reach down towards the 1.2150 level, only to turn around and form a hammer at the end of the day.
This has been the game for a while: pull back and turn around to pick away at that barrier.
Bonuses & Promotions
The FTSE 100 rallied during the trading session on Wednesday as we are now above the 7100 level.
The S&P 500 initially sold off during the trading session on Wednesday to reach down below the 4200 level, but we have since turned around to hang right around that level.
The NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave back the gains to drift ever so slightly lower.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The West Texas Intermediate Crude Oil market gapped higher to kick off the trading session on Wednesday as we continue to see the market reach towards the upside, as demand for crude continues to pick up around the world.
The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains, as it looks like we are hell-bent on testing the 1.20 level.
The Bitcoin markets rallied just a bit during the trading session on Wednesday to break above the top of the 200-day EMA yet again.