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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BTC/USD: Early signs of stability
GBP/USD: New 35-year low price
Some optimism has returned to the financial markets after the recent actions by the United States of America to face the consequences of the Coruna epidemic and its threat to global economic growth.
Wednesday's trading session was the bloodiest for the British pound in the face of the strong USD and the strong demand from investors to buy it.
It’s very likely that the market will continue to find plenty of reasons to sell as we continue to weigh the oversupply of crude oil against the lack of demand.
For seven consecutive trading sessions, the EUR/USD pair is trading in the range of a declining channel driven by the strong demand the US dollar after the recent Federal Reserve Bank decisions that stimulate the American economy in the face of a possible economic recession.
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.
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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%.
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Sign up to get the latest market updates and free signals directly to your inbox.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.