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 initially tried to rally during the trading session on Thursday, but then pulled back a bit to form a shooting star.
The Australian dollar fell a bit during the trading session on Wednesday only to turn around and form a bit of a hammer.
The GBP/USD is up for the fifth consecutive day as the market digests the latest Federal Open Market Commission (FOMC) interest rate decision.
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The BTC/USD price reacted mildly to the relatively dovish interest rate decision by the Federal Reserve.
The USD/JPY made bullish moves prior to the US Federal Reserve’s announcement of its monetary policy decisions and the growth rate of the US economy.
The price of gold is expected to continue to move in a limited range until the reaction of the dollar to the Federal Reserve’s monetary policy decisions and the statements of Chairman Jerome Powell.
Risk appetite and a focus on British vaccinations contributed to the GBP/USD moving towards the 1.3925 resistance level in an attempt to stick to the bullish trend.
The Forex market is awaiting the Federal Reserve's announcement of its monetary policy decisions and Chairman Powell’s statements, followed by the growth rate of the US economy.
The USD/BRL continues to show an ability to traverse within sight of crucial support junctures, but as of yet has not punctured lower values.
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The USD/MXN has crept higher in the past day as financial institutions have begun to anticipate the US Fed FOMC policy statement.
The West Texas Intermediate Crude Oil market rallied during the trading session on Tuesday to break above a minor resistance barrier.
The British pound fell during the trading session on Tuesday but found buyers underneath to get the market back to the upside.
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The S&P 500 has done almost nothing during the trading session on Tuesday as traders await the results of the Federal Reserve meeting on Wednesday.
The euro has initially fallen during the trading session on Tuesday but found buyers later in the day to suggest that perhaps we are going to try to take out this minor downtrend line that sits just above.
The NASDAQ 100 has fallen just a bit during the trading session on Tuesday as the 14,000 level continues to attract a lot of attention.