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/MXN is trading near important support levels and has been able to sustain its rather solid bearish trend which has developed since early August.
AUD/USD: Bulls have a small edge
Turkey has relative control over the Covid-19 pandemic, but the Turkish Lira continues to reach all-time lows versus the US Dollar, despite intensifying bearish pressures on it.
Brazil continues to record over 40,000 new Covid-19 infections daily, trailing only the US in the total count, which recorded over 6,000,000 cases.
USD/JPY: Support at 105.87 likely today’s pivotal point
The USD/ZAR has traded within a tight value band the past couple of days after seeing its bearish trend gain impetus early this week.
After demonstrating a sudden selling spike downwards early this week and reestablishing its bearish trend the USD/INR traded with plenty of sideways price action.
The USD/SGD bearish trend resumed soundly the past two days of trading and is again approaching critical support junctures.
BTC/USD: Break below $11,400 was technically significant
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GBP/USD: Pound showing strength but uncertain technical picture
EUR/USD: Today may produce breakout but direction uncertain
The S&P 500 rallied significantly during the trading session on Wednesday, reaching towards the 3450 level and then breaking above there to go looking towards the 3475 handle.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 has exploded to the upside during the trading session on Wednesday, reaching the 12,000 area.
Silver markets have rallied quite nicely during the trading session on Wednesday after initially dipping.
The West Texas Intermediate Crude Oil market broke higher during the trading session again on Wednesday, as we continue to see more of a grind to the upside.