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 New Zealand dollar did pull back a bit against the Japanese yen in the early hours on Wednesday as we continued to see a bit of Japanese strength in Asian and European trading.
The euro shot higher against the Aussie during the trading session gaining almost 1%, but did give back a little bit of the gains once we reached the crucial 1.64 level.
The euro has been all over the place during the trading session on Wednesday, as we continue to see a lot of noisy behavior in general.
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The German DAX has rallied again during the trading session on Wednesday as we are now up about 1% towards the end of the session.
The CAC rallied a bit during Parisian trading on Wednesday, but it looks like the €7,350 level continues to be a bit of a barrier.
During my daily analysis of the USD/JPY pair, the first thing I noticed is that the US dollar slammed against the 50 Day EMA.
During my daily analysis of the exotic currency pairs, the market that really stood out to me was the US dollar against the Philippine peso.
During my daily analysis of the USD/CAD pair, the first thing that captures my attention is the 1.40 level below.
During my daily analysis of the NZD/USD pair, the 0.5850 level has come into focus, as we had initially plunged below that level, only to turn around and show signs of life again.
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During my daily analysis of the JPY-related currency pairs, the CHF/JPY pair has caught my attention, as it has bounce from a crucial support level.
Bitcoin has finally broken above the big round number at $100,000. The coming hours and days will show whether this breakout will hold or collapse.
The USD/MYR has produced an intriguing couple of weeks via its value range, this as a perception grows that resistance levels are producing reversals lower on occasion.
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EUR/USD remains stable near 1.05 with a bearish outlook, as investors eye Powell's comments and US jobs data, targeting support at 1.0440 and resistance at 1.0670.
Gold holds steady at $2,650 as markets anticipate Fed signals and US jobs data, with a continued upward trend targeting $2,700 resistance.
USD/MYR rallies toward 4.50 resistance with potential for a bullish breakout, supported by broader dollar strength and technical indicators.