The USD/BRL has continued to create a rather bullish trend and yesterday’s slight reversal lower could prove intriguing.
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 USD/MXN has developed a rather solid bullish trend the past week of trading after producing significant choppy results since the third week of June.
The USD/INR has turned lower and is testing important short-term support ratios as speculators contemplate technical direction.
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The euro initially fell during the trading session on Wednesday but found enough support in the same general region that we have over the last three days to make this market turn around.
The British pound initially pulled back during the trading session on Wednesday but then turned around to rally towards the 200-day EMA.
The FTSE 100 gapped higher to kick off the trading session only to turn around and fill that gap before taking off to the upside and filling the gap from the Monday open.
The NASDAQ 100 rallied during the trading session on Wednesday as we continue to see a lot of bullish pressure overall.
The S&P 500 rallied significantly again during the trading session on Wednesday as we continue to see the S&P 500 rally under any circumstances imaginable.
The pair had made a rebound above the descending trend line after new 7-month low price.
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Bulls need to break above 1.1850 to generate true momentum.
The US dollar got hit rather hard across the board during the trading session on Wednesday, so it should not come as a huge surprise to see that the market turned around to break below the 200-day moving average.
The Bitcoin market rallied significantly during the trading session on Wednesday, bouncing from the crucial $30,000 level.
Gold markets fell during the trading session on Wednesday but also found buyers at the same level it had on Monday.
The US dollar continued to see a lot of pressure in both directions, as traders continue to try and figure out what is going on with the situation on the ground in South Africa.
The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Wednesday to reach above the $70 level.