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
Despite this morning dismal Indian services PMI report for April, showing the sector in deep depressive conditions, the Indian Rupee remained resilient.
The EUR/USD currency pair deepened its losses, reaching towards the 1.0825 support before settling around the 1.0840 level at the beginning of Wednesday’s trading.
AUD/USD: More bearish after new lower swing high
USD/JPY: New 6-week low price below 106.50
BTC/USD: Bears still holding price below $9,200
The British pound went back and forth during the trading session on Tuesday as we continue to dance around just below the 50 day EMA
The US dollar initially tried to rally during the trading session on Tuesday but as you can see broke down rather significantly,
GBP/USD: More bearish below 1.2378
EUR/USD: Support at 1.0814 breaking down
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The Euro has fallen after initially trying to rally during the trading session on Tuesday.
The S&P 500 rallied a bit during the trading session on Tuesday but is still struggling to get to the top of the gap.
The NASDAQ 100 has broken to the upside during the trading session on Tuesday, filling the gap in order to show signs of significant bullish pressure yet again.
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The US dollar has fallen again during the trading session on Tuesday against the Russian ruble, as we are breaking below the 74 level.
Silver markets bounced a bit during the trading session on Tuesday, as the $14.90 level has offered significant support, which extends all the way to at least the $15.00 level.