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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After a recent upward correction, the USD/JPY's gains stopped at the 109.70 resistance level and returned to settle around 109.15 as of this writing.
Since the start of trading on Thursday, the EUR/USD is trying to correct upwards after four bearish trading sessions that pushed the pair to the 1.1986 support level, settling around 1.2045 as of this writing.
The USD/MXN has seen a wave of buying flourish the past week, and mid-term resistance levels are within sight as speculators decide on the next direction.
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ADA/USD has demonstrated fast trading conditions early today, and record highs touched on the 14th of April are within sight.
DOGE/USD doubled its trading value in nearly a two-day period, highlighting the speculative capabilities Dogecoin presents.
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ETH/USD has moved slightly lower after achieving new record values yesterday, and speculators may continue to hunt bullish momentum.
The West Texas Intermediate Crude Oil market gapped higher to kick off the trading session on Wednesday and then shot towards the $67.50 level.
The US dollar fell initially during the trading day on Wednesday to break down to fresh, new lows, but then turned around to show signs of life again.
The DAX gapped higher to kick off the trading session on Wednesday, and then broke well above the 15,000 level to show signs of strength.
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The NASDAQ 100 rallied a bit during the trading session on Wednesday but gave back the gains rather quickly.
The S&P 500 initially tried to rally during the trading session on Wednesday, only to give up early gains and form a less-than-attractive candlestick.
The gold markets initially pulled back during the trading session on Wednesday to test the 50-day EMA, only to turn around and start rallying again as we have seen multiple times over the last couple of weeks.
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The Australian dollar rallied a bit during the trading session on Wednesday as we continue to see a lot of interest right around the 50-day EMA.
The Bitcoin market initially pulled back towards the 50-day EMA underneath, as we have seen a proclivity of this market to respect it.
The British pound rallied during the trading session on Wednesday but gave back the early gains.