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 West Texas Intermediate Crude Oil market rallied during the trading session on Wednesday, reaching towards the top of the range and the $43.50 level before pulling back.
The US dollar initially pulled back against the Japanese yen to reach down towards the ¥105 level.
The Australian dollar initially rallied during the trading session on Wednesday, but gave back the gains in order to form a shooting star again.
The NASDAQ 100 rallied during the trading session on Wednesday, as the 50-day EMA looks supportive.
The S&P 500 rallied during the trading session on Wednesday, but we are still below the 3600 level, an area that has been a significant structural and psychological barrier.
Head & shoulders pattern breaks down
The gold markets have dropped a bit during the trading session on Wednesday, testing the $1850 level yet again.
The silver markets are still fluctuating during the trading session on Wednesday, just as we saw the markets calm down after the massive selloff on Monday.
The Bitcoin market has shot higher again during the trading session on Wednesday, reaching towards the $16,000 level.
Bonuses & Promotions
The British pound initially tried to rally during the trading session on Wednesday, but then turned around to fall from the 1.33 level.
The euro initially tried to rally during the trading session on Wednesday but gave back the gains to turn around and fall towards the 50-day EMA.
Medium-term bullish trend in some danger.
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In an exciting performance since the beginning of this week's trading, the EUR/USD moved in light of optimism about Biden's victory in the American elections and the announcement of a possible coronavirus vaccine.
For seven trading sessions in a row, the GBP/USD pair was in an upward correction range with a distinguished performance.