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.
Forex Technical Analysis
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Forex Technical Analysis
For the third consecutive day, the GBP/USD performance witnessed a noticeable improvement,
As expected, the recent and continuous gold gains pushed the technical indicators to overbought areas
After several trading sessions during which the price of the USD/JPY pair attempted to correct higher, and at a slow pace, the pair was unable to overcome the barrier
The Australian dollar went back and forth during the trading session on Wednesday as we had broken above the 0.69 level.
The Euro initially fell during the trading session on Wednesday, but then shot straight up in the air only to pull back yet again.
AUD/USD: Resistance at 0.6939 holding
The NASDAQ 100 initially dropped a bit during the trading session on Wednesday, but then turned around to show signs of life again.
The US dollar initially tried to rally during the trading session on Wednesday but found the 200 day EMA to be a bit overly resistive to continue going higher.
USD/JPY: Narrow range between 107.36 and 107.58
The S&P 500 initially dipped during the trading session on Wednesday but found buyers underneath the turn things back around to break above the 3100 level.
BTC/USD: Awaiting breakout from $9,304 - $9,015 range
The British pound has rallied quite significantly yet again on Wednesday, as we have seen quite a bit of buying pressure to slice through the 50 day EMA.
Argentina’s economy collapsed 17.5% in April as compared to March, and 26.4% year-over-year.
GBP/USD: Bearish inflection point at 1.2537
EUR/USD Forex Signal: Support at 1.1195 HoldsEUR/USD: Medium-term consolidation pattern dominates