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.
Most Recent
The markets in general have been relatively quiet during the trading session on Wednesday and Bitcoin of course was no different.
The British pound rallied a bit during the trading session on Wednesday but continues to struggle gaining traction for a bigger move
The Australian dollar rallied a bit during the trading session on Wednesday, as we continue to trade in the same range that is just above a major support level.
Top Forex Brokers
The NASDAQ 100 has gone back and forth over the last couple of weeks and the trading session on Wednesday was no different.
The S&P 500 continues to go back and forth, showing signs of strength but at this point we are simply waiting for the next governmental handout in order for Wall Street to go forward.
The West Texas Intermediate Crude Oil market has gone back and forth after initially gapping lower during the trading session on Wednesday.
Silver markets initially gapped lower to kick off the trading session on Wednesday again, and then shot straight up in the air to reach the $24 level.
Gold markets gapped lower to kick off the trading session on Wednesday, reaching down towards the $1880 level before bouncing again.
Mexico will exceed 800,000 Covid-19 infections today with the death toll on track to surpass 83,000, ranking it fourth globally in that category.
Bonuses & Promotions
New daily Covid-19 cases in South Africa are on the rise, mirroring the second wave of infections across Europe and the US.
EUR/USD upward rebound attempts stopped the testing of the 1.1807 resistance during yesterday's trading, at its high levels in two weeks.
The US dollar recovered amid noticeable activity in the forex market after statements by the US President and Federal Reserve Governor Jerome Powell contributed to the decline in the gold prices towards the $1873 support.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.We have always waited for the bulls to move the GBP/USD pair towards the 1.3000 resistance for the opportunity of a stronger upward correction.
The USD/JPY pair returned to the vicinity of last week’s trading, stabilizing around the 105.80 and stable near it at the time of writing.
The GBP/JPY saw a surge of risk-averse trading develop yesterday, and the forex pair which traded near a high of 137.350 two days ago now is testing important support levels.