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 British pound initially pulled back a bit during the trading session on Wednesday, but then turned around as Jerome Powell suggested that the Federal Reserve is nowhere near trying to tighten monetary policy or even slow down bond purchases.
The EUR/USD is facing long-term resistance below 1.2200.
The FTSE 100 rallied a bit during the trading session on Wednesday but gave back the gains relatively early as it continues to be very choppy.
The DAX Index did very little during the trading session on Wednesday as we continue to hang around the 15,300 level.
Bitcoin markets went back and forth during the trading session on Wednesday as we saw plenty of volatility awaiting the Federal Reserve decision.
Gold markets initially fell during the trading session on Wednesday to reach down towards the 50-day EMA.
The British pound initially tried to rally during the trading session on Thursday, but then pulled back a bit to form a shooting star.
The Australian dollar fell a bit during the trading session on Wednesday only to turn around and form a bit of a hammer.
The GBP/USD is up for the fifth consecutive day as the market digests the latest Federal Open Market Commission (FOMC) interest rate decision.
Bonuses & Promotions
The BTC/USD price reacted mildly to the relatively dovish interest rate decision by the Federal Reserve.
The USD/JPY made bullish moves prior to the US Federal Reserve’s announcement of its monetary policy decisions and the growth rate of the US economy.
The price of gold is expected to continue to move in a limited range until the reaction of the dollar to the Federal Reserve’s monetary policy decisions and the statements of Chairman Jerome Powell.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Risk appetite and a focus on British vaccinations contributed to the GBP/USD moving towards the 1.3925 resistance level in an attempt to stick to the bullish trend.
The Forex market is awaiting the Federal Reserve's announcement of its monetary policy decisions and Chairman Powell’s statements, followed by the growth rate of the US economy.
The USD/BRL continues to show an ability to traverse within sight of crucial support junctures, but as of yet has not punctured lower values.