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 US dollar pair varied against the Turkish lira during today's trading, while the lira had recorded fairly good gains during yesterday evening's trading.
The pound fell more than 1%, falling below $1.29, as the stronger dollar gained momentum after early US election results suggested a higher probability of a Donald Trump victory.
The Japanese yen has fallen below 154.60 yen against the US dollar, reaching a 14-week low.
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The EUR/USD exchange rate remained in focus following reports that former US President Donald Trump is set to return to the White House.
Gold price plunged below $2,655 per ounce on Wednesday, retreating from a 30-October record high of $2,758 per ounce.
The euro plunged during the early hours on Wednesday as we continue to see a lot of noise out there.
The S&P 500 has rallied rather significantly during the trading session on Wednesday as the United States elections are done and gone and in the rear-view mirror with a Donald Trump presidency, a Republican Senate, and a Republican House of Representatives.
In early trading this morning the USD/MYR touched highs not seen since the middle of August, this as the 4.4200 ratio was approached, but a slight reversal lower was sparked a bit later.
The USD/JPY traded at a high early this morning not seen since the end of July, a collision of nervous sentiment and risk events has led to the bullish climb in the currency pair, today there is the Fed.
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The Canadian dollar has rallied rather significantly against the Japanese yen during the trading session on Wednesday as we are now above the 110.50 yen level.
The US dollar shot straight up in the air to test the 1.3950 level against the Canadian dollar during trading on Wednesday as we have seen a lot of upward momentum after the US election.
During my analysis of the commodity markets, the gold market has stood out as we have seen this market plunge quite drastically.
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The US dollar has rallied rather significantly against the South African Rand breaking above the 50-day EMA after the US election result but have since then given back about half of the gains.
During my daily analysis of the GBP/USD pair, the first thing I notice is that we got absolutely hammered overnight.
During my daily analysis of the NZD/USD pair, the first thing I see is that we have broken down below the 0.5950 level, an area that previously had been important.