EUR / USD continued to decline strongly reaching the 1.0937 level in light of the US dollar strength and increasing pressure on the single European currency
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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Recent hopes for a smooth Brexit outlook evaporated, and the GBP / USD pair lost most of its recent gains.
Investor risk appetite and strong US dollar pushed the gold price to collapse from the $1535 resistance to the $1500 during Wednesday's session before settling around 1510 dollars per at the time of writing.
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After four bearish sessions, as the USD / JPY failed to break the 108.47 resistance last week, it was normal for the bears to dominate the pair's performance with a sell-off towards the 106.95 support.
On Monday the Bakkt physically-backed futures contracted started to trade and received a lackluster welcome with depressed trading volume.
The NASDAQ 100 initially fell during the trading session and broke down quite drastically.
The Australian dollar has broken down significantly during the trading session on Wednesday, reaching below the 0.6750 level before bouncing slightly.
The US dollar has shown signs of strength during the trading session on Wednesday, breaking back above the 50 day EMA as we continue to dance around that significant technical indicator.
The Euro broke down significantly during the trading session on Wednesday, reaching towards the 1.09 level.
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The British pound is likely to look for support underneath, as it has reached towards the 50 day EMA during the Wednesday session.
Gold markets have broken down rather significantly during the trading session on Wednesday, as we have formed a horrifically bearish candlestick.
Bitcoin markets broke down a bit during the trading session again on Wednesday, as we continue to see a lot of weakness in the cryptocurrency markets.
The West Texas Crude oil market gap lower to kick off the trading session on Wednesday, but then reached down to fill the gap that started with the drone attack on the Saudi oil fields.
The S&P 500 initially fell during the trading session but found enough support near the 2950 level to turn around and form a rather bullish candle stick.
Natural gas markets initially pulled back during the trading session on Wednesday, breaking below the $2.50 level.