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
Risk-on sentiment was dominant during the Asian trading session as the majority of market participants expect a currency pact to be announced
Following plenty on uncertainty about the state of trade talks between the US and China, they will continue into a second day as was originally scheduled.
For 5 consecutive sessions, the EUR/USD attempted to break the 1.1000 resistance, which would give it hope in a bullish correction.
Although the US dollar benefited from the announcement of the Federal Reserve minutes of the last meeting, which saw that financial markets exaggerated their expectations
Amid strong bearish momentum for GBP / USD below the 1.2200 support, today the pair is awaiting important data and events that could strongly affect its performance.
Global financial markets and investors eye cautiously the outcome of the high-level trade talks round between the world's two largest economies to find a chance to halt their trade war
NZDUSD: Weakly bullish above 0.6277
AUDUSD: Bullish base below 0.6750?
USDJPY: Key resistance at 107.63
Bitcoin: Short-term bullish above $8,533
The Euro rallied a bit during the trading session on Wednesday but continues to see a lot of resistance above at the 1.10 level.
The Australian dollar has initially tried to rally during the trading session on Wednesday but found resistance again at the 0.6750 level in rolled over to form a shooting star.
The British pound has rallied a bit initially during the trading session on Wednesday but has rolled over again
The US dollar rallied significantly during the trading session on Wednesday, after initially pulling back below the ¥107 level.
Gold markets gapped higher to kick off the trading session on Wednesday, and then spent the day back and forth in what would have been most accurately described as choppy trading.