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 BTC/USD pair resumed its bullish trend in the evening session even after JP Morgan’s Jamie Dimon criticized Bitcoin.
The GBP/USD pair rebounded as the market reacted to the strong UK GDP and American consumer inflation numbers that were published on Wednesday.
SOL/USD has come off short-term highs, but has been able to maintain its pace within the middle of its mid- and long-term ranges and continues to attract speculators.
The USD/INR remains within the upper realms of its trading range and speculators may be attracted to the current technical price action.
The USD/TRY has reached new record highs and is traversing above the 9.00000 juncture as a flurry of rumors swirl regarding economic and political maneuvering.
ETH/USD has seen a wave of consolidated trading the past few days with reversals being demonstrated, but resistance levels appear to be lowering.
Despite the strength of the US dollar, the price of gold appears resilient with the support of many global factors.
It's a particularly bearish trading week for the Japanese yen against the other major currencies.
The British pound has often shown resilience in the face of a strong US dollar, now with momentum from expectations of imminent tightening of the US Federal Reserve's policy.
The EUR/USD is approaching the psychological support level of 1.1500 ahead of important weekly data, namely US inflation numbers and the FOMC minutes.
Bitcoin bulls still have all-time high prices in sight.
The gold markets initially shot higher but saw quite a bit of selling pressure to turn things around and form a shooting star yet again.
The Australian dollar rallied a bit on Tuesday but gave back the gains to form a bit of a shooting star yet again.
Bitcoin markets pulled back just a bit on Tuesday to show hesitation, which is a good thing considering we have been so parabolic recently.
The S&P 500 pulled back just a bit on Tuesday, but then turned around to show signs of life again in order to form a hammer.