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
The Litecoin price has erased most of the gains it made in March as investors reflect on the hawkish Federal Reserve.
The BNB coin price is crawling back after it plummeted to the lowest point since April 1 during the overnight session.
The Turkish lira fell during the early trading of Thursday with the same weak pace that it continued to decline throughout the week.
Within narrow ranges, the price of gold is still moving since the start of trading this week between the support level of $1915 and the resistance level of $1945.
The US Federal Reserve confirmed that it is ready to raise US interest rates strongly during the year, and thus the strength of the US dollar increased against the rest of the other major currencies.
It is noticeable that the GBP/USD currency pair is trying, in light of the strength of the US dollar, to avoid a collapse below the psychological support 1.3000 so as not to increase the current downtrend.
The price of the US dollar continued to rise against the rest of the other major currencies.
US natural gas prices were on course to stabilize on Wednesday at their highest levels since January, but gave up all their gains to close almost unchanged.
The Dow Jones Industrial Average declined during its recent trading at the intraday levels, recording losses for the second day in a row, by -0.42%.
Bonuses & Promotions
ADA/USD has been volatile in early trading this morning, this after a downturn which started on the 5th of April built up speed.
ETH/USD has taken a negative turn the past two days of trading, and positive sentiment which had been building in the cryptocurrency markets will now be tested.
The US dollar rallied significantly on Wednesday to break above the top of the hammer from the previous session, suggesting that we are in fact trying to recover overall.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The euro fell after initially trying to rally on Wednesday, as we continue to see plenty of downward pressure.
The Australian dollar fell a bit on Wednesday as we see a continuation of the shock to the markets after the FOMC statement suggested that the Federal Reserve is going to be much more hawkish than initially expected.
The S&P 500 fell a bit on Wednesday to test the bottom of the bullish flag that we have been trying to form.