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
BTC/USD: Break below $11,400 was technically significant
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.
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.
The gold markets have pulled back just a bit during the trading session on Wednesday but then turned around to show signs of extreme strength.
The Euro initially fell during the trading session on Wednesday but did turn around to show signs of life again by the end of the day.
Bonuses & Promotions
The US dollar initially tried to rally during the trading session on Wednesday but gave back the gains near the 50 day EMA.
The Australian dollar rallied again during the trading session on Wednesday, as we have pressed the 0.7250 level yet again.
The British pound rallied again towards the 1.32 level during the trading session on Wednesday, an area that has caused some problems.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The bitcoin market has rallied just a bit during the trading session on Wednesday as we look likely to find the $11,000 level as somewhat supportive.
For the third day in a row, the price of the EUR/USD is trying to correct upwards.
The US central bank does not appear to make any further expansion of its stimulus package in the short term.