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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The USD/JPY is stabilizing under downward pressures that pushed the pair towards the 103.68 support at the time of this writing.
The EUR/USD pair may maintain its recent gains pending the monetary policy decisions from the US Federal Reserve, which will be announced later on Wednesday.
Contention between the European Union and the UK over the future of a trade deal continues, despite optimistic statements by the negotiating parties about a possibility last-minute agreement.
The AUD/USD is trading in a general bullish trend.
Technical traders will have to look at long-term charts to contemplate the next possible upward scenarios the DAX Index could demonstrate.
Important support levels are now being challenged by the USD/BRL as it challenges values not sincerely tested since the second week of June.
Trading early this week in the USD/ZAR has bolstered the notion that the Forex pair’s bearish trend remains dominant.
The USD/PKR may be making speculators who have been inclined to pursue its mid-term bearish trend uncomfortable.
Support at $18,976 looks strong.
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Euro close to testing long-term high price.
The West Texas Intermediate Crude Oil market rallied again during the trading session on Tuesday.
The US dollar initially tried to rally during the trading session on Wednesday, but then fell hard as we try to crash through the support level that has been so important for the last several weeks.
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Sign up to get the latest market updates and free signals directly to your inbox.The Australian dollar pulled back during the trading session on Tuesday, only to find support again at the 0.75 level.
The NASDAQ 100 rallied again during the trading session on Tuesday as we broke above the 12,600 level in late trading.
The S&P 500 rallied significantly during the trading session on Tuesday as we await the Federal Reserve announcement on Wednesday.