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 NASDAQ 100 initially rallied on Wednesday but gave back the gains in order to show signs of weakness.
The euro broke down significantly to plunge below the 1.13 handle, reaching towards the 1.1250 level.
The British pound started to dip slightly on Wednesday but turned around to show signs of strength.
The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.
The S&P 500 went back and forth on Wednesday as we hang around the 4700 level.
The price is trading near 1-year lows below $1.1338.
The GBP/USD pair tilted upwards on Wednesday and early Thursday as the market reflected on the overall strong economic data from the UK and the US.
The AUD/USD pair slipped to the lowest level since October 7 as investors reflected on the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).
The BTC/USD pair struggled to bounce back as it crashed to a multi-week low.
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The US dollar rallied again on Wednesday, as we continue to see the greenback rally against almost everything.
The DAX went back and forth on Wednesday as the market seems to be hovering around the €16,250 level.
Gold markets rallied significantly on Wednesday as we continue to see a lot of bullish momentum.
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The West Texas Intermediate Crude Oil market fell on Wednesday to reach down towards the crucial 50-day EMA.
The EUR/USD has continued to lose value and is testing long-term support as price velocity downwards has quickened.