The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.33 handle.
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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Bitcoin sliced through the $18,000 level during the trading session on Wednesday, but gave back almost all the gains to form a massive shooting star.
The West Texas Intermediate Crude Oil market has rallied again during the trading session on Wednesday, but continues to struggle with the idea of breaking out to the upside.
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Gold markets have pulled back a bit during the trading session on Wednesday, reaching down towards the $1850 level.
Silver markets have fluctuated during the trading session, with the 50-day EMA slicing through the middle of the candle.
The S&P 500 had a brutal close during the trading session on Wednesday as everything fell through the floor.
The NASDAQ 100 has pulled back just a bit during the trading session on Wednesday, as it looks like the 12,000 level is going to be expensive.
The Australian dollar fluctuated during the trading session on Wednesday, as we continue to struggle with the same overall area that has been a headache for so long.
For five trading sessions in a row, the EUR/USD pair has been trying to correct higher, and the retracement gains have stalled around the 1.1893 resistance level at the time of writing.
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For seven trading sessions in a row, gold prices have been moving within very narrow ranges, at the support level between $1856 and $1900 an ounce and stabilizing around $1882 at the time of writing.
It seems clear that the pound has the necessary momentum to move towards higher levels against the rest of major currencies.
All the gains from the bullish rebound in the USD/JPY pair during the trading week are on the verge of collapsing as it moved towards the 103.85 support, at the time of writing.
With the second wave of the COVID-19 pandemic accelerating globally, President Cyril Ramaphosa calls on BRICS (Brazil, Russia, India, China, and South Africa) to strengthen trade and investment.
While Japan reports relatively acceptable new COVID-19 infections for its population size, it also carries out significantly fewer tests than its global counterparts in the developed world.
Weakly bullish within medium-term range.