The NASDAQ 100 is stalling as we head towards the Jackson Hole Symposium, which will feature several central bank statements giving us an idea as to what traders can expect out of central planners.
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 S&P 500 rallied again on Wednesday as the market continues to look at the Jackson Hole Summit as a potential event.
The Bitcoin market initially drifted a little bit lower on Wednesday but found a little bit of buying pressure underneath to form a hammer.
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The Australian dollar initially pulled back just a touch on Wednesday but then shot higher to show signs that it may go looking towards the 0.73 level.
Gold markets fell a bit on Wednesday as the 200-day EMA has offered resistance.
The euro was all over the place on Wednesday as we chop around waiting for clarity from the Jackson Hole Symposium about tapering.
The British pound initially pulled back on Wednesday to test the 200-day EMA and the 1.37 handle.
Resistance at 0.7280 is holding so far.
The 1.1761 level looks pivotal as current basing support.
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Will Powell talk the markets down? Or will the uncertainty in the US economy and rising infections lead him to take a softer stance until further notice?
The GBP/USD price was little changed in the overnight session as focus shifts to the virtual Jackson Hole summit that kicks off today.
The BTC/USD price has gone nowhere this week as investors assess its recent strong rally.
$46,595 is likely to be today’s pivotal point.
DOT/USD has stumbled slightly from its mid-term highs and is traversing near the important 25.0000 ratio as of this writing.
The USD/ZAR has been able to reverse lower and it is near the important 15.00000 level once again, and intriguingly, the Forex pair has correlated well to the broad Forex market.