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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Risk appetite in global markets has weakened the Japanese yen as a safe haven currency.
For five trading sessions in a row, the bulls have been trying to push the EUR/USD to move higher in light of the US dollar's decline and investor risk appetite.
DOGE/USD is searching for impetus as it straddles an important value range and speculators contemplate its next wave of momentum.
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Rather consistent surges within the USD/ZAR have been demonstrated the past five days as the Forex pair tests its value range.
The USD/INR has risen in early trading today after testing important lower support yesterday, which gives speculators an opportunity.
The euro fell a bit during the trading session on Wednesday to reach down towards the 50-day EMA.
The British pound shot higher during the trading session on Wednesday to reach towards the 1.42 level before pulling back significantly.
The West Texas Intermediate Crude Oil market has rallied again during the trading session on Wednesday to break above the $63 level.
The NASDAQ 100 has broken down below an uptrend line during the trading session on Wednesday again, just as we did during the day on Tuesday.
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The S&P 500 initially pulled back a bit during the trading session on Wednesday as yields in the 10-year note spiked.
The FTSE 100 initially pulled back on Wednesday to find the 50-day EMA as support.
The DAX Index broke the 14,000 level during the trading session on Wednesday, which is a very bullish sign.
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Gold markets initially fell during the trading session on Wednesday only to find support underneath and bounce towards the $1800 level.
The Australian dollar initially pulled back during the trading session on Wednesday but then turned around to show signs of strength again.
The Bitcoin market had rallied rather significantly during the course of the trading session on Wednesday to pop above the $50,000 level but has also turned around to show signs of weakness.