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
NZDUSD analysis: More bearish below 0.6590
AUDUSD analysis: Bearish break below 0.6940
USDJPY: Looking more bearish as 108.56 holds
Bitcoin: More bullish above $8,000
USDCAD: 1.3300 likely to be day’s pivotal point again
USDCHF Analysis: Bulls seeking to break above 0.9957
GBPUSD: Choppy but buyers keep price above support at 1.2642
EURUSD: Weakly bullish
The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, which has caused a lot of resistance over the last several sessions.
Bonuses & Promotions
Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday.
The S&P 500 continues to be an absolute mess, as we have formed a couple of shooting stars over the last handful of sessions, but Wednesday saw a little bit more aggression when it comes to selling.
The WTI Crude Oil market broke down rather significantly during the trading session in what would have been one of the more volatile days we’ve seen recently.
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The attached chart is the hourly timeframe, which is much shorter than I typically show you here at Daily Forex.
NZDUSD analysis: Too even to call