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 S&P 500 showed signs of strength again during the trading session on Wednesday, although at this point in time it’s very likely that the US/China trade situation will continue to cause a lot of issues.
With the US central bank maintaining its monetary policy as is, the USD/JPY pair did not find the momentum needed to correct higher, but rather the pair retreated to the 108.46 support level before returning to stability around the 108.60 level at the time of writing.
The Australian dollar has broken higher during the trading session on Wednesday, slicing through the short term resistance that has been a major thorn in the side of Australian buyers.
US dollar has been all over the place during the trading session on Wednesday, as the market was awaiting the Federal Reserve statement.
The Euro initially pulled back a bit during the trading session on Wednesday but found enough support underneath to send the market higher.
USDJPY: Ranging between 108.25 and 109.00
Bitcoin: More bearish below $7,131
The West Texas Intermediate Crude Oil market fell during trading on Wednesday, reaching down to the psychologically important $58 level.
Bitcoin has tried to rally slightly during the trading session on Wednesday, but yet again we continue to see a complete lack of interest.
Bonuses & Promotions
Natural gas markets rallied initially during the trading session on Wednesday, reaching towards the previous uptrend line.
Gold markets will probably stick to consolidating as we await the trade tariff decision on December 15, which is this Sunday.
Ethereum has to deal with more than growing competition from more promising projects like TRON, Tezos, and Binance.
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EURUSD: Bullish breakout beyond 1.1113
Today’s Swiss National Bank interest rate announcement is expected to show no change; Switzerland, together with Denmark, is home to the lowest global interest rate at -0.75%.