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
After touching a low of nearly 25,350.00 on Tuesday and exhibiting a strong hint of price velocity, BTC/USD has managed to produce a reversal higher in the past day and a half.
The USD/TRY is trading near record high values, but its speculative landscape has changed the past two months and day traders need to understand the dynamics.
Silver experienced a noteworthy rally during Wednesday's trading session, displaying indications of a breakthrough past the 50-Day Exponential Moving Average.
The GBP/JPY faced substantial losses against the Japanese yen during Wednesday's trading session, reflecting the ongoing high volatility within the Forex markets.
Wednesday's trading in the natural gas markets witnessed minimal movement, with prices holding steady in proximity to the 50-day Exponential Moving Average.
The NASDAQ 100 has rallied significantly during the trading session on Wednesday as the PMI numbers in the European Union, the United Kingdom, and of course the United States all disappointed, suggesting that we were going to see a bit of contraction.
In the world of currency trading, Wednesday brought about an impressive rally for the AUD/USD, as it managed to rebound from its position at 0.64.
The GBP/USD pair retreated to the important support at 1.2618 and then bounced back during the American session.
The EUR/USD pair dropped to the lowest level since June 14th and then quickly rebounded after the relatively weaker US flash PMI numbers.
Bonuses & Promotions
The BTC/USD pair joined US equities and bonds in a strong rebound on Wednesday as investors embraced a risk-on sentiment.
The Australian dollar bounced back against the US dollar as traders embraced a risk-on sentiment ahead of the Jackson Hole summit.
The USD/TRY rose slightly, as the pair moved towards its highest levels ever, with continued pressure on the Turkish currency and stock markets in the country after the latest measures of the Turkish Central Bank.
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Sign up to get the latest market updates and free signals directly to your inbox.Lows continue to be tested within the NZD/USD as fragile global sentiment continues to keep the USD stronger against most major currencies, as speculators look for opportunities.
At the beginning of trading this week the EUR/USD exchange rate found support above its lows in July.
The continued discrepancy between the aggressive policy of the US Federal Reserve and the Bank of Japan, which has negative interest rates, will support the survival of the bullish trend of the dollar pair against the Japanese yen.