The USD/JPY currency pair initially pulled back Wednesday but found enough buyers underneath to turn this market around.
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 NASDAQ 100 Index exploded to the upside, hanging about the 13,250 level.
The S&P 500 Index rallied rather significantly Wednesday as we continue to ignore most fundamental analysis and economic numbers.
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Gold markets went back and forth Wednesday as we continue to levitate just below a major supply area.
The BTC/USD currency pair bounced a bit Wednesday to show signs of life, gaining over 2%.
Ethereum markets rallied ever so slightly during the day, gaining 2%.
The AUD/USD currency pair fell a bit Wednesday to break down below the lows of the previous candle, showing that perhaps there is still plenty of downward pressure.
The West Texas Intermediate Crude Oil market initially tried to rally Wednesday but then plunged quite rapidly.
The GBP/USD price remained under pressure during the Asian session as investors waited for the upcoming Bank of England (BoE) decision and US non-farm payrolls (NFP) data.
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The BTC/USD price tilted upwards as investors react to the strong rebound of American stocks and the regulatory clarity in the United States.
The AUD/USD price remains significantly below its highest this week as investors reflected on the latest Reserve Bank of Australia (RBA) decision.
In recent technical analyses, it was mentioned that the gains of the euro currency pair against the dollar EUR/USD may be subject to sale at any time.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a decrease in the recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 0.94%.
For the second day in a row, the price of the USD/JPY currency pair is trying to recover higher with gains to the resistance level of 133.90 today.
Sterling started August trading with solid gains against both the euro and the dollar, but the risks fall later this week if the Bank of England holds back a 25 basis point rate hike