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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For the tenth consecutive day, the GBP/USD pair is in a strong downtrend, it pushed it towards the 1.2209 support,
Increasing fears of negative interest rates in the United States, along with continued negative results of the US economic data
The Euro has rallied a bit during the trading session on Wednesday, reaching towards the 1.09 level before rolling over.
The US dollar continues to go back and forth against the Japanese yen, hanging around the ¥107 level.
The Australian dollar has initially tried to rally during the trading session on Wednesday but has found a significant amount of resistance near the 0.65 level again.
The NASDAQ 100 gapped lower to kick off the trading session but then turned around to rally quite a bit.
The British pound initially tried to rally during the trading session on Wednesday, reaching towards the 1.2350 level.
The S&P 500 is sitting on top of support at the end of the session on Wednesday, and as a result it will be interesting to see how Thursday and Friday play out.
After Indian Prime Minister Modi’s government gave in to pressures for a massive stimulus, ignoring fiscal stability, a ₹20 trillion spending package
Bonuses & Promotions
South Africa's leadership has repeatedly communicated, to the businesses and consumers alike, that it took a risk-adjusted approach to reopen the economy gradually.
AUD/USD: Unpredictable technical situation
USD/JPY: Yen somewhat stronger than dollar on risk-off sentiment
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The US dollar has pulled back a bit against the Mexican peso during the trading session on Wednesday, only to turn around and show strength that the 24 level.
The silver markets initially tried to rally during the trading session on Wednesday but have found sellers in the same area we had previously.