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 US dollar has been all over the place as of late, especially against the Japanese yen.
EUR/USD: ECB Stimulus
The S&P 500 has broken down during the trading session on Wednesday, slicing through the 2400 level and even the 2300 level.
While the cryptocurrency market remains under stress due to the outflow of institutional capital, the LTC/USD presents patient traders with an excellent opportunity.
The NASDAQ 100 has had a wild ride during the trading session on Wednesday, breaking below the 7000 level before turning around and forming a hammer.
Price action in the AUD/NZD stabilized inside of its support zone after the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to an all-time low of 0.25%.
After the EUR/JPY moved into its short-term resistance zone, the price action struggled to push higher.
The Euro had a wild trading session during the day on Wednesday, as we initially tried to rally towards the 1.1050 level before rolling over and slamming into the 1.08 level.
Canada announced an C$82 billion economic aid package, or 3% of GDP, in response to Covid-19.
Bonuses & Promotions
The British pound has collapsed during the trading session on Wednesday.
The Australian dollar has broken down significantly during trading on Wednesday, slicing through the 0.60 level in what can only be described as a major meltdown.
USD/JPY: Both currencies relatively strong
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.AUD/USD: New 17-year low prices
Investors returned to buy US dollars in light of the successive stimulus plans by the US Federal Reserve and the US government.
BTC/USD: New higher support at $4,912