The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Thursday as we continue to see a lot of noise and fallout from the Federal Reserve announcement on Wednesday.
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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Amid the worst daily performance of the EUR/USD currency pair in months, the pair collapsed from the resistance level of 1.2135 to the support level of 1.1994
In light of the worst daily performance in four months, the price of gold moved to the support level of $ 1803 an ounce, its lowest in a month and a half,
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To complete the upward correction path for the performance of the USD/JPY currency pair, the US Central Bank contributed to providing more momentum to push the pair towards the 110.82 resistance level.
The bears succeeded in breaching the 1.4000 psychological support level for the GBP/USD currency pair.
The USD/CAD sprang higher late last night as the U.S Federal Reserve announced its interest rate policy and resistance levels crumbled quickly.
The USD/JPY saw a sudden burst of volatility late last night upon the interest rate policy statement from the U.S Federal Reserve.
Speculators should take a long look at the Brazilian real as it trends near important support levels and has produced a capable trend.
ETH/USD has traded lower the past two days and it has broken through short-term support ratios which may be causing concern among bullish speculators.
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The market is obviously seeing bullish pressure based upon the fact that a lot of short covering happened later in the day.
The euro got absolutely crushed during the trading session on Wednesday as the Federal Reserve came out and suggested that inflation was running a bit hotter than originally anticipated.
The British pound initially tried to rally during the trading session on Wednesday but then gave back the gains as people start to worry about the Federal Reserve and whether or not it is going to taper within the next couple of years.
Gold markets got hit during the trading session on Wednesday, breaking down below the crucial $1850 level as the statement coming out of the Federal Reserve suggests that perhaps they will be tightening rates sooner than originally thought.
It is only a matter of time before the buyers come back into the marketplace and try to pick up a little bit of value.