The GBP/USD pair tilted upwards in the overnight session as traders continued to reflect on the strong UK inflation and mixed US production numbers.
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 EUR/USD remained in a consolidation mode as the market reflected on the recent inflation and industrial production numbers from the US.
The AUD/USD pair declined slightly during the overnight session after the relatively weak Australian jobs numbers.
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The Parisian index fell significantly during the course of the trading session to peak below the uptrend line that has been so important for a while.
The German index went back and forth during the course of the trading session on Wednesday, as we continue to dance around the 50 day EMA.
Bitcoin has rallied again during the trading session on Wednesday, to show signs of recovery yet again.
The S&P 500 has rallied significantly during the course of the trading session on Wednesday to wipe out the losses of the Tuesday session.
The NASDAQ 100 initially fell on Wednesday to reach down towards the 15,300 level before turning around and showing signs of strength again.
The British pound has rallied significantly during the trading session on Wednesday but continues to see a lot of resistance at a major downtrend line.
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The West Texas Intermediate Crude Oil market has rallied significantly to finally break above the short-term resistance.
The gold market has pulled back a bit during the course of the trading session on Wednesday as we trying to break above the 200 day EMA.
The Australian dollar has gone back and forth during the course of the trading session on Wednesday, to save itself near the 0.73 level.
The Euro initially tried to rally during the trading session again on Wednesday but gave back gains to form a bit of a shooting star.
UNI/USD has experienced a wave of choppy trading short term and is currently near important resistance levels.
The USD/BRL has turned in a rather intriguing trading display the past couple of days as its resistance levels have incrementally lowered and consolidation has increased.