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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April was a very strong month for the euro, and I do believe that we will continue to see a bit of continuation going forward.
The crude oil complex has been a bit choppy during the month of April, but at the end we were starting to see a little bit of stability, perhaps pointing in one direction finally.
The selling pressure is about to pick back up.
The USD/JPY is trading near key short-term resistance levels as the Forex pair continues to trade below the strongest peaks of its mid-term bullish trend.
The USD/SGD has climbed slightly in early trading this morning, and this move may spark the curiosity of bearish speculators.
DOGE/USD jumped in value early yesterday and its price range is beginning to look steady enough for speculators to wager on more velocity.
ETH/USD has broken through to new highs, and speculators who have enjoyed a tranquil market should brace for a faster pace.
The US dollar retreated after the Federal Reserve announced its monetary policy decision, which contributed to the price of gold rebounding up to the resistance level of $1788 as of this writing.
Despite the risk appetite that is dampening the GBP/USD’s performance, the pair is moving timidly to the upside, with gains that just affected the 1.3951 resistance level as of this writing.
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After an upward correction had the USD/JPY pair testing the 109.07 resistance level, it quickly retreated to the 108.55 support level as of this writing.
The upward correction path for the EUR/USD is getting stronger.
The 0.7816 level remains extremely pivotal.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro shot above the uptrend line during the trading session on Wednesday as we awaited the Federal Reserve FOMC statement and press conference.
The crude oil markets rallied rather significantly during the trading session on Wednesday as we continue to look at recovery as driving demand much higher.
The NASDAQ 100 fell slightly during the trading session but then recovered as the Federal Reserve Open Market Committee came and went without much in the way of change.