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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It certainly looks as if gold is in trouble.
The Australian dollar fluctuated during the trading session on Wednesday as we had failed at the 0.78 level on Tuesday.
The euro has fallen quite a bit during the trading session on Wednesday as we continue to see noise influencing the market.
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The BTC/USD price crossed 52,000 for the first time as the relentless rally continues.
The EUR/USD price dropped in overnight trading as investors reacted to the relatively strong US retail sales numbers and the minutes of the Federal Reserve.
The GBP/USD price retreated even after the relatively better inflation data from the United Kingdom.
The AUD/USD price is wavering after the mixed employment numbers from Australia and the recent strong numbers from the United States.
The USD/JPY has touched important resistance levels in early trading today and has seen additional bullish impetus.
After a banking holiday in Brazil yesterday, the USD/BRL may produce some short-term volatility for speculators.
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The USD/ZAR has reversed higher after challenging long-term support only one day ago and the higher values may be an opportunity for traders.
Spurts of volatility have been exhibited within the USD/INR the past day as the Forex pair challenged important support yesterday, but then began to experience incremental reversals higher.
Despite the weakness of the US dollar, gold prices closed sharply lower yesterday, reaching the $1790 support level before settling around the $1796 level at the beginning of trading on Wednesday.
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The GBP/USD's strong upward correction path resulted in the pair testing the 1.3952 resistance, its highest in more than three years, before settling around 1.3880.
After a long wait, the USD/JPY jumped to the 106.07 resistance level amid an upward correction path after a clear abandonment of the yen as a safe haven.
As traders returned to the markets after the American holiday, the EUR/USD continued to correct to the upside, but its gains stopped at the 1.2170 resistance level, the highest in two weeks.