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
As of this writing the USD/SGD is trading slightly below the 1.30500 level.
The USD/JPY is trading slightly below the 128.600 level as of this writing.
The GBP/USD price rose to 1.2400after the Fed delivered a 0.25% rate hike on Wednesday.
The EUR/USD price successfully made a strong bullish breakout after the Federal Reserve downshifted for the second straight meeting.
Bitcoin price was a bit flat on Thursday morning as the market pondered the latest action by the Federal Reserve.
Ahead of today’s Fed and ECB decisions, the EUR/USD currency pair is exposed to selling operations with losses towards the 1.0801 support level before settling around the 1.0865 level
XAU/USD gold futures rebounded after early weakness as the price of gold fell to $1,900 per ounce before prices stabilized around $1,928 per ounce as the US dollar lost ground.
While attempting to recover, the price of the currency pair USD/JPY stabilized around the resistance level of 130.55.
For four trading sessions in a row, the GBP/USD currency pair is exposed to selling operations with losses extending to the support level of 1.2284.
Bonuses & Promotions
The price of the TRY/USD stabilized during early trading on Wednesday morning.
The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve strong gains in its last sessions by 1.09%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Wednesday, recording daily losses until the moment of writing this report by -0.49%.
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The GBP/JPY has fallen a bit during the trading session on Tuesday to show signs of weakness but then turned around to show buying pressure.
The S&P 500 Index has been positive during the trading session on Tuesday, as the FOMC Meeting begins.