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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0.7778 may be today’s pivotal point.
The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.
Risk sentiment around the world fell rather hard at one point during the trading session on Wednesday as the market had a lot of risk assets falling in general.
Gold markets fluctuated during the trading session on Wednesday as we continue to see a lot of confusion.
The Australian dollar got hit hard during the trading session on Wednesday as the 0.78 level continues offer major resistance.
Most of the move during the trading session on Wednesday was due to massive amounts of liquidation of levered positions in the Bitcoin market, as some traders had gotten far ahead of themselves.
If the bulls cannot bounce back today, the price likely to sink further.
The GBP/USD pair declined in the overnight session after the Federal Reserve minutes of the past meeting.
The BTC/USD sell-off accelerated as worries of more regulations in China continued.
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For five trading sessions in a row, the price of the euro currency pair moves against the US dollar, EUR / USD, in an upward correction range
A further abandonment of Britain's restrictions to contain the outbreak of the Coronavirus still supports the British pound against the rest of the major currencies.
The bears succeeded due to factors supporting them in pushing the US dollar against the Japanese yen towards the 108.83 support before settling around the 108.93 level
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The USD/MXN has seen its short-term range consolidate the past couple of days, but bearish sentiment remains the dominant feature.
The USD/ZAR is near long-term key support levels as the Forex pair displays an ability to maintain its bearish stance.