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 continued collapse of the US labor market increases the pressure on the US dollar, especially with investors' appetite for safe havens amid new tensions in relations between the United States and China, this time around the Coronavirus.
Gold prices lost $28 with prices dropping to $1681 an ounce before returning to stability around the $1692 level at the time of writing.
As expected in recent technical analyzes of GBP/USD, the pair's bearish momentum may push it towards the 1.2320 support, which in turn may increase the pair's bearish momentum and pave the way for stronger support levels.
For four consecutive trading sessions, the EUR/USD pair continued to correct downward, with losses that reached it to the 1.0781 level of, the lowest level in two weeks ago, before settling around the 1.0795 level in the beginning of Thursday's trading.
AUD/USD: Bulls and bears are evenly matched
USD/JPY: Resistance at 106.42 looks pivotal
BTC/USD: Level at $9,150 has flipped to become support
The Euro has broken down during the trading session on Wednesday, reaching down towards the 1.0750 level.
The US dollar has broken through significant support that has been in effect for the last several days, and now is threatening the ¥106 level.
Bonuses & Promotions
The Australian dollar has initially tried to rally during the trading session on Wednesday but gave back the gains to form a bit of a shooting star.
The FTSE 100 initially tried to rally somewhat significantly in the futures market on Wednesday but gave back most of the gains to form a bit of a shooting star.
The British pound has pulled back a bit from the highs over the last couple of days, and of course Wednesday was not any different.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 has tried to rally during the trading session on Wednesday but has turned back around to show signs of exhaustion near the same gap that it had on Tuesday.
The NASDAQ 100 took off to the upside during the trading session on Wednesday but gave back the gains to form a shooting star.
The silver markets initially tried to rally during the trading session on Wednesday but gave back the gains in order to form a bit of a shooting star.