The GBP/USD has performed with a solid bullish trend since the end of the third week in September and has resumed a challenge towards its higher value price range which peaked in late August near highs of 1.33950.
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 rallied significantly during the trading session on Wednesday but continues to struggle near the 1.1850 level.
The NASDAQ 100 has gone back and forth during the trading session on Wednesday, as we continue to see whether or not we get some type of stimulus out of the United States.
The bitcoin market broke down during the trading session on Wednesday, slicing through the $12,000 level like it was not even there.
The British pound rallied significantly during the trading session on Wednesday, breaking above the 1.31 handle.
The S&P 500 went back and forth during the trading session on Wednesday, as we continue to wait to see what is going to happen when it comes to stimulus, so having said that it is likely that we will continue to see indecision.
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Gold markets have rallied again during the trading session on Wednesday as we continue to see bickering and hints about what may or may not happen with stimulus in the United States.
The Australian dollar has rallied significantly during the trading session on Wednesday, breaking above the 0.71 handle.
EUR/USD: Euro relatively strong against the U.S. dollar
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Wednesday but found resistance above the 200 day EMA as we awaited the inventory figures.