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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the AUD/USD exchange rate rose to a crucial resistance after the strong Chinese, Australian, and United States economic numbers. The pair rose to 0.6370 on Thursday, its highest swing since February 21. It has jumped by 7.65% from the lowest point this month.
During the trading session on Wednesday, we have seen the US dollar dropped to the 1.39 region against the Canadian dollar, an area that’s been interesting multiple times in the past, and I do think that we are in the midst of trying to sort out whether or not the US dollar can find technical support here, or whether or not it continues to break down against the Loonie.
The NASDAQ 100 has fallen a bit during the trading session on essay, as we continue to see a lot of noisy behavior, the tariff situation continues to cause traders to panic.
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Gold markets have skyrocketed yet again during the trading session on Wednesday, as we continue to see a lot of bullish pressure in this market
The FTSE 100 has gone back and forth during the trading session on Wednesday, as we find ourselves hanging around the 8200 level.
The euro continues to Rally during the trading session on Wednesday, but it looks as if we still see a lot of resistance near the 1.14 level. The 1.14 level is an area that has been very resistant over the course of the last 4 days or so, and now we have to start to ask questions as to what exactly it is we are seeing at these elevated levels. After all, we have seen the market gets to this area very quickly, but every time we pull back it’s also very persistent. Because of this, I think you have got a situation where traders are doing everything they can to break to the upside, but there’s obviously a lot of supply up in this area.
The US dollar has fallen a bit against the Japanese yen during trading on Wednesday as we continue to see a lot of noisy behavior.
Ethereum is going sideways during the trading session here on Wednesday. So, it's interesting. I think we are in the midst of at least trying to find some type of floor and it is worth noting that at least Bitcoin is somewhat stable.
As you can see, we went back and forth during the course of the session here on Wednesday, as we are trying to break out, but there are a lot of concerns near the 21,500 euro level as it is a major resistance barrier. If we were to break above there, then the 50 day EMA is firmly in the sights of the market.
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As you can see, we pulled back just a bit in the early part of the session here on Wednesday only to turn around and show signs of life again
Bitcoin has rallied slightly during the trading session on Wednesday as we continue to bounce around the same area.
The USD/RUB is near important lows and continues to show that financial institutions are leaning into the notion that a more optimistic vision exists for the Russian Ruble.
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The NZD/USD is trading near mid-term highs of 0.59150 today after significantly recovering from lows around the 0.55000 mark last week.
Solana is in focus in the crypto market after dominating the bullish market over the past week.
Our technical outlook for the future path of the gold price remains unchanged; the upward movement is still the strongest, and global geopolitical and trade