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.
Most Recent
For three consecutive trading sessions, the USD/JPY currency pair is exposed to profit-taking sales
The TRY/USD has stabilized near its lowest level ever, with the accelerating decline of the Turkish currency since the start of the electoral process in the middle of last month.
The USD/JPY is trading near the 139.800 ratios as of this writing.
The USD/TRY is challenging record highs as financial institutions show a lack of confidence in the aftermath of the reelected Turkish government.
During Wednesday's trading session, the S&P 500 experienced a slight pullback, encountering resistance around the 4200 level.
The WTI Crude Oil market witnessed a significant decline during Wednesday's trading session, as it continues to grapple with challenges.
During Wednesday's trading session, silver displayed a back-and-forth movement, as it continued to bounce around the 200-Day EMA.
Gold markets exhibited indecisiveness during Wednesday's trading session, hovering just below the crucial 50-Day EMA.
During Wednesday's trading session, the euro experienced a slight decline, testing the 200-Day EMA once again.
Bonuses & Promotions
During Wednesday's trading session, the US dollar experienced a slight initial decline against the Japanese yen, following the recent upward pressure in the market.
The NASDAQ 100 has fallen a bit during the trading session on Wednesday, after forming a massive and obvious shooting star on Tuesday.
The GBP/JPY experienced a significant decline against the Japanese yen during Wednesday's trading session, driven by uncertainties surrounding the Bank of Japan's monetary policy.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD experienced a slight pullback during Wednesday's trading session, encountering resistance at the 50-Day EMA.
The AUD/USD began the Wednesday session with a rally, but soon experienced a downturn, falling below the crucial 0.65 level.
My previous GBP/USD signal on 17th May was not triggered as the low of the day was unfortunately just a couple of pips above the support level identified at $1.2419.