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 USD/INR moved higher in the past day of trading and its price velocity has seen an increase in volatility as mid-term highs are being tested.
The West Texas Intermediate Crude Oil market initially tried to rally on Wednesday but gave back gains near the $80 level.
The Norwegian krone is currently hovering around 8.75 against the greenback, after initially trying to rally on Wednesday.
The FTSE 100 was all over the place on Wednesday, breaking down through the recent consolidation area and smashing below the 7000 level quite rapidly.
The S&P 500 fell significantly on Wednesday but found support just above the 4250 level yet again.
The NASDAQ 100 fell rather significantly on Wednesday as we continue to hear a lot of noise when it comes to the stock markets in the United States.
Gold markets fell significantly to kick off Wednesday, but just as we have seen all week, the $1750 level continues to offer support, as buyers come back in and push gold higher.
The Australian dollar fell a bit on Wednesday to reach down towards the 0.70 level before turning around.
Bitcoin rallied significantly on Wednesday to break above the $52,500 level quite decisively.
Bonuses & Promotions
The euro broke down significantly on Wednesday to reach down towards the 1.1550 level.
The British pound fell bit on Wednesday as we bounced enough to test the bottom of the previous triangle.
0.7263 is today’s most likely pivotal point.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD pair declined in the overnight session as the US dollar rally accelerated.
The BTC/USD price rocketed higher as investors remained optimistic about digital currencies.
The long-term bearish trend is likely to produce lower prices.