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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The USD/ARS continues to spin out of control and the bullish trend of the currency pair is showing no ability to slow.
The GBP/USD price continued retreating as the market reacted to the US credit rating downgrade and the upcoming Bank of England (BoE) decision.
The EUR/USD pair continued falling as investors embraced a risk-off sentiment after Fitch downgraded US credit rating from AAA to AA+.
Bitcoin price continued wavering as open interest, volume, and volatility declined.
May find support confluent with big round number at $0.6500.
The recent weeks have witnessed a remarkable upward trend in the West Texas Intermediate (WTI) Crude Oil market.
The GBP/USD made an initial attempt to rally on Wednesday but eventually drifted lower, breaking below the 50-Day Exponential Moving Average.
The US dollar experienced a slight pullback during Wednesday's trading session but found support around the ¥142.50 level
Traders are closely monitoring the ¥180 level, a critical support area that has witnessed significant noise and activity in the past.
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The NASDAQ 100 is likely to continue to be noisy, but keep in mind that it’s only a handful of stocks out there that will move things
In Wednesday's trading session, the euro experienced a slight decline, settling just above the critical 50-Day Exponential Moving Average.
During Wednesday's trading session, the natural gas markets experienced a slight decline, dipping below the 50-Day Exponential Moving Average.
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Sign up to get the latest market updates and free signals directly to your inbox.The silver market is currently displaying some hesitancy, with prices consolidating above the 50-Day Exponential Moving Average.
During Wednesday's trading session, the gold markets exhibited a back-and-forth movement, displaying a lot of noisy behavior.
Given the prevailing market sentiment, it appears likely that the Australian dollar will head towards the psychologically significant 0.65 level.