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
The natural gas markets have been very noisy over the last couple of months, and a lot of my emails from readers have been asking me when it is time to start shorting natural gas, because it has gotten “way too expensive.”
The NASDAQ 100 rallied significantly on Wednesday, especially after Jerome Powell announced basically what everybody had anticipated as far as tapering and quantitative easing is concerned.
The S&P 500 does suggest that it is ready to continue going higher, and it is likely that we could see continued upward pressure due to the fact that the market is going to continue seeing buyers on dips.
There is a strong support zone above $1.1500.
The BTC/USD was in a tight range on Thursday morning as the market reflected on the latest Federal Reserve decision and its impacts on risky assets.
The AUD/USD pair was little changed after the latest Federal Reserve decision and strong US employment data.
The GBP/USD price was little changed as investors reacted to the Fed decision and waited for the coming decision by the Bank of England (BOE).
The USD/ZAR remains within the upper realms of its price range and speculators need to understand additional volatility is likely to be demonstrated today.
INR/USD speculators need to be braced for whipsaw conditions to potentially be displayed today and tomorrow, as the Forex pair tests important mid-term lows.
Bonuses & Promotions
SOL/USD has made sweeping gains since the 31st of October and it is now traversing record highs as speculators try to anticipate the next flurry of action.
DOT/USD has produced a burst higher in the past three days that underscores the speculative nature of cryptocurrencies in full, and traders should take a look.
The US dollar has taken a strong position ahead of the FOMC announcement today, which will negatively affect gold, which fell to the support level of $1780 as of this writing.
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Sign up to get the latest market updates and free signals directly to your inbox.All financial markets, not just the USD/JPY, are cautiously waiting for what the US Federal Reserve will announce later today
For three trading sessions in a row, the GBP/USD has been sold off, settling around the 1.3605 support level, the lowest in more than two weeks.
The EUR/USD will remain in narrow ranges until the market's reaction to the important events this week passes.