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 NZD/USD has gained additional ground after the U.S Federal Reserve Meeting Minutes indicated a potential change to U.S interest rate policy.
After the recent upward rebound attempts of the USD/JPY currency pair, reaching the resistance level of 142.25, the selling of the US dollar was renewed ahead of the American holiday
The EUR/USD has seen solid price velocity upwards in the past twelve hours after economic data and U.S Federal Reserve notes added fuel to bullish sentiment.
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The West Texas Intermediate Crude Oil market fell again during the trading session on Wednesday, reaching toward the bottom of the hammer that formed on Monday.
The S&P 500 initially rallied on Wednesday again, testing the 200 Day EMA.
The NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave back against the show of lackluster returns.
Gold markets have initially fallen during trading on Wednesday, reaching below the $1730 level before turning around and forming a bit of a hammer.
The BTC/USD tried to rally during the day on Wednesday but continues to see plenty of sellers just above the push at lower.
The GBP/USD price continued its recovery after the relatively positive economic data from the UK and dovish minutes by the Federal Reserve.
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The BTC/USD price rose slightly on Wednesday and Thursday morning as more revelations of FTX collapse emerged.
The AUD/USD price bounced back after the Federal Reserve minutes pointed to lower interest rate hikes going forward.
In my previous analysis of the EUR/USD currency pair last Monday, I thought that we had a weakly bearish environment now.
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The USD/CHF has fallen rather hard during the trading session on Wednesday, as the Swiss franc has taken full advantage of it.
The EUR/USD rallied again during the trading session on Monday, as the PMI figures coming out of the United States showed contraction.
The EUR/GBP has fallen hard during the trading session on Wednesday, reaching down to the 200-Day EMA, right at the 0.86 GBP level.