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 NASDAQ 100 broke down rather significantly during the trading session on Wednesday as we have seen inflation fears cause a massive selloff in what is a very sensitive stock market index.
The S&P 500 has sold off quite drastically during the trading session on Wednesday to reach down towards the 50-day EMA.
Gold markets fell hard during the session on Wednesday as inflation numbers in the US saw quite a bit of destruction in some of the risk appetite the traders have been willing to take on.
Top Forex Brokers
The Australian dollar broke down significantly during the trading session on Wednesday as inflation numbers in the US came out much hotter than anticipated.
Bitcoin markets initially tried to rally during the trading session on Wednesday but yet again found the market lackluster at best.
The British pound sold off drastically against the US dollar during the trading session on Wednesday as the US CPI numbers came out much hotter than anticipated.
The euro broke down significantly during the trading session on Wednesday as the 1.22 level has continued to show a lot of resistance.
The GBP/USD price retreated after the strong US consumer inflation numbers.
The BTC/USD price crashed by almost 20% as the market reacted to the latest US inflation data and the decision by Tesla to stop accepting the currency.
Bonuses & Promotions
Geopolitical tensions subsided and the dollar weakened after US employment report. This contributed to a sharp bullish rebound in the GBP / USD currency pair
In the search for more stimulus, the price of gold fell to the level of 1818 dollars an ounce, to cut off the path of recent gains
The S&P 500 has fallen initially during the trading session on Tuesday but found enough support near the 4100 level to turn things around and show signs of life again.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 initially sold off quite drastically during the trading session on Tuesday to slice through a major uptrend line but turned around to form a massive hammer.
The USD/JPY's hemorrhage of losses continues, reaching the 108.35 support level before settling around 108.70 as of this writing, ahead of the US inflation figures.
The recent gains of the EUR/USD pair came to a halt at the 1.2180 resistance level, a two-and-a-half-month high.