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.
For four consecutive trading sessions, the EUR/USD pair continued to correct downward, with losses that reached it to the 1.0781 level of, the lowest level in two weeks ago, before settling around the 1.0795 level in the beginning of Thursday's trading.
AUD/USD: Bulls and bears are evenly matched
USD/JPY: Resistance at 106.42 looks pivotal
BTC/USD: Level at $9,150 has flipped to become support
The Euro has broken down during the trading session on Wednesday, reaching down towards the 1.0750 level.
The US dollar has broken through significant support that has been in effect for the last several days, and now is threatening the ¥106 level.
The Australian dollar has initially tried to rally during the trading session on Wednesday but gave back the gains to form a bit of a shooting star.
The FTSE 100 initially tried to rally somewhat significantly in the futures market on Wednesday but gave back most of the gains to form a bit of a shooting star.
The British pound has pulled back a bit from the highs over the last couple of days, and of course Wednesday was not any different.
The S&P 500 has tried to rally during the trading session on Wednesday but has turned back around to show signs of exhaustion near the same gap that it had on Tuesday.
The NASDAQ 100 took off to the upside during the trading session on Wednesday but gave back the gains to form a shooting star.
The silver markets initially tried to rally during the trading session on Wednesday but gave back the gains in order to form a bit of a shooting star.
Bitcoin will undergo its third halving event next week, eagerly anticipated by investors and traders alike.
GBP/USD: Pivotal point at 1.2396
EUR/USD: Support at 1.0814 has broken down
