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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Prior to the announcement of a package of important US economic data, the USD/JPY currency pair is exposed to expected selling operations.
Gold markets have tried to rally during the trading session on Wednesday but continues to see a lot of trouble near the $1680 level.
In conjunction with the decline of the US dollar, the XAU/USD (gold) price finds the opportunity to rebound to its highest gains this week.
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The exchange rate of the pound against the dollar, GBP/USD, rose more in the middle of this week’s trading, to reach its highest level since mid-September, with gains towards the 1.1645 resistance level.
Bitcoin has rallied significantly during the trading session on Wednesday as we are now threatening the $21,000 level.
Ahead of the most important event for the euro pairs this week, the European Central Bank’s policy decisions, the price of the euro currency pair against the dollar, EUR/USD, moves amid a strong bullish momentum.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a rise in early trading on Tuesday.
The Dow Jones Industrial Average rose slightly during its recent trading at the intraday levels.
After trading to lows of nearly 5.1500 on Friday of last week as polls in Brazil suggested a closer than anticipated election result for President, the USD/BRL has now performed a strong reversal higher.
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The Euro has broken above parity, and it looks like we are in the midst of some type of serious move to the upside.
The USD/CAD is near the 1.35900 level this morning, as it has stayed within sight of important one month support ratios.
The British pound has rallied during the trading session on Wednesday as we continue to see the US dollar give up some of its gains.
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The German index has rallied again during the trading session on Wednesday, gaining over 1% as the “risk on” trade continues to be invoked
The West Texas Intermediate Crude Oil market had a very strong showing on Wednesday, breaking above the 50-Day EMA and the $88 level.
The US dollar is falling again against the Japanese yen on Wednesday, as we continue to see a bit of a pullback in this extraordinarily bullish market.