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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Forex Technical Analysis
The Bank of England's comments about adopting negative interest rates helped push the GBP/USD pair to the periphery of the 1.3700 resistance level, settling around 1.3630 as of this writing.
The USD/JPY pair regained its bearish momentum at the beginning of Thursday's trading, falling from the 104.40 resistance level to stabilize around the 103.60 support level.
A strong US dollar stopped gold from correcting higher and breaking the $1863 resistance level during yesterday's trading session, instead stabilizing around the $1844 level.
The euro initially tried to rally during the trading session on Wednesday, but gave back the gains to show signs of exhaustion yet again.
The British pound initially tried to rally during the trading session on Wednesday, but gave back the gains to reach towards the 1.36 level.
The West Texas Intermediate crude oil market initially rallied during the trading session, but turned around to form a shooting star after the inventory numbers came out mixed.
The S&P 500 initially dipped during the trading session on Wednesday, only to find buyers well below the 3800 level.
The NASDAQ 100 initially pulled back during the trading session on Wednesday only to turn around and show signs of strength yet again.
BTC/USD Forecast: Bitcoin Trying to Make a Stand
Bitcoin fell again during the trading session on Wednesday but then turned back around to show signs of hanging on to the $35,000 level.
Gold markets have done very little during the trading session on Wednesday after initially gapping higher.
The Australian dollar fell a bit during the trading session on Wednesday, but still looks very bullish overall.
The US dollar initially tried to rally during the trading session on Wednesday, but gave back the early gains to form an inverted hammer against the Indian rupee.
The US dollar has drifted a bit lower during the trading session on Wednesday as we test the 50-day EMA against the Brazilian real.
The EUR/USD is under pressure as some investors and analysts start betting on a rebound of the US dollar.
Bitcoin's price bounced back in the overnight session as bulls remained resilient amid significant pressure.