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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
Gold came under selling pressure after reaching a multi-year intra-day high of 1,556.74 which is marked by the red rectangle in the chart.
NZDUSD: Bullish consolidation above 0.6406
AUDUSD: Significant bullish break above 0.6850
USDJPY: Yet more bullish above 107.57
Bitcoin: Bearish below $10,140
The NASDAQ 100 has fallen during the trading session on Tuesday, reaching towards the 50 day EMA before turning around completely.
The West Texas Intermediate Crude market rallied significantly initially during the trading session on Tuesday, but has found the lot of resistance above the 200 day EMA.
The US dollar has pulled back a bit during the trading session on Tuesday, reaching down towards the 61.8% Fibonacci retracement level yet again.
The Bitcoin market has tried to rally again during the trading session on Tuesday but has also failed again.
The NZDUSD just completed a breakout above its support zone which is marked by the grey rectangle in the chart.
The S&P 500 fell immediately during the trading session on Wednesday, only to find buyers below at the top of the recent consolidation that we have just broken out of.
The Australian dollar went back and forth during the trading session on Tuesday, slicing around the 0.6850 level.
The Euro continues the chop around without any type of direction, as per usual.
In the United States, there is a long running joke when the stock market suddenly rally based upon liquidity that “everything is awesome”, which is a reference to the song out of the Lego movie.
The British pound went back and forth during the trading session on Tuesday, as we continue to see volatility everywhere.