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 Japanese Yen is reacting with bearish momentum against the EUR as investors seek its safe haven status.
The USD/SGD is trading near important resistance after experiencing a strong wave of nervous sentiment within forex yesterday.
The USD/PKR continues to burst through vulnerable support levels, even as most global trading has taken on a rather nervous attitude.
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The NASDAQ 100 has broken down significantly during the trading session on Wednesday, slicing through the bottom of the hammer from the Monday session
The S&P 500 broke down significantly during the trading session on Wednesday, slicing through a trendline that I have been paying attention to for some time.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of inconsistencies as to where risk appetite may go.
The West Texas Intermediate Crude Oil market has broken down significantly during the trading session on Wednesday, breaking down below the $37.50 level
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The Australian dollar initially tried to rally during the trading session on Wednesday but then broke down towards the 0.7050 level.
The British pound fell rather hard during the trading session on Wednesday, slicing through the 50 day EMA as people are concerned about the United Kingdom increasing lockdown measures
Silver markets fell rather hard during the trading session on Wednesday, reaching down towards the $23.50 level, but has seen a little bit of stability late in the day.
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Gold markets have broken down a bit during the trading session on Wednesday, breaking down below the $1900 level quite handily as the US dollar strengthened.
Bitcoin markets initially tried to continue the upward momentum during the trading session on Wednesday but gave back the gains in order to test the $13,000 level.
The Euro has fallen a bit during the trading session on Wednesday, to reach down towards the 1.17 level.