Speculators need to continue pursuing upside momentum via the USD/ARS.
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 Euro fell initially during the trading session on Wednesday, but we have seen the market recover by the end of the day.
The market will continue to see a lot of noise out there, but if you are cautious enough you can start to piece together a position.
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The German index has struggled a bit during the trading session here on Wednesday to reach down towards the 50 day EMA.
The British pound initially tried to rally during the trading session on Wednesday but has taken a bit of a beating as the US dollar strengthened.
The NASDAQ 100 has broken down significantly during the trading session on Wednesday to show a massive turnaround in attitude.
The US dollar has initially shot higher during the trading session against the Canadian dollar to reach towards the 50 day EMA.
The Bitcoin market initially tried to rally during the trading session on Wednesday but then turned around to sell off quite drastically.
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The West Texas Intermediate Crude Oil market has been very noisy during the course of the trading session on Wednesday, as the market simply has no idea what to do with itself
The Australian dollar has fallen a bit during the trading session on Wednesday as we continue to see a lot of digestion of massive gains
Gold markets have plunged initially during the trading session on Wednesday as yields in the 10 year note skyrocketed.
The pair is still a buy from the 1.3617 level.
The EUR/USD struggled after the Federal Reserve Open Market Committee (FOMC) delivered its first interest rate decision of the year.
Bitcoin price bounced back in the overnight session after it dropped below the $30,000 mark yesterday.