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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Volatile Range a Warning Sign for Speculative Bets.
In the middle of trading this week, the GBP/USD currency pair fell to the 1.2622 support level before stabilizing around 1.2665.
During the middle of this week's trading, gold futures stabilized.
New indications of the Bank of Japan's imminent shift away from negative interest rates pushed the USD/JPY currency pair lower today.
The EUR/USD currency pair fell towards the key 1.08 level amid a broader US dollar rally and weaker euro zone consumer sentiment.
The S&P 500 is still trading close to its highs.
Early on Wednesday, as we continued to develop a bit of a basing pattern in a market that is clearly oversold, natural gas markets saw a small rally.
The euro dropped early on Wednesday to test the 200-Day EMA, but it recovered and began to show resilience once more.
The crude oil market is currently showing signs of bullishness all around.
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Bitcoin continues to defy gravity, with the market rising to unprecedented heights.
The U.S. dollar continues to grind right around the 279 level against the Pak rupee as we are just simply killing time.
The Aussie continues to see a lot of noise, as the market fell hard overnight.
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Early on Wednesday morning, the gold market moved slightly, continuing the trend of sideways trading overall.
Given the ongoing interest rate gap in its favor, the US dollar continues to appear extremely strong when compared to the Japanese yen.