For the fourth day in a row, the EUR/USD currency pair is subjected to strong selling that pushed it towards the 1.1837 support level,
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
In the middle of this week's trading, the price of an ounce of gold fell to the $1,751 support level, its lowest in nearly three months.
For the second day in a row, the price of the USD/JPY currency pair is returning to the upward correction in its last track, stable around the resistance level 111.26, the highest since March of the year 2020.
Top Regulated Brokers
The continued strength of the US dollar and pressure factors on the pound increase the suffering of the GBP/USD currency pair.
The GBP/USD has come off its early highs achieved today and the Forex pair remains within the lower depths of its mid-term price range.
The EUR/USD is testing fresh lows in early trading this morning as mid-term support ratios continue to remain in view.
ADA/USD continues to produce fluctuations which speculators will find attractive, but the lower price range remains difficult to navigate.
The new resistance level at 1.1856 looks pivotal.
Gold has managed to gain some traction in the past twelve hours, after struggling the past couple of days near important mid-term support.
Bonuses & Promotions
The euro struggled again during the trading session on Wednesday as we have reached towards the 1.1850 level.
The British pound initially tried to rally during the trading session on Wednesday but gave back the gains rather quickly to fall towards the 1.38 handle.
The FTSE 100 fell a bit during the trading session on Wednesday to pierce the 50-day EMA and the uptrend line which is part of the ascending channel that we have been in for some time.
The S&P 500 initially drifted a bit lower during the trading session on Wednesday, but then turned around to show signs of strength.
The NASDAQ 100 rallied ever so slightly during the session on Wednesday as we continue to reach ever so higher heading towards the jobs number.
Ethereum did very little during the trading session on Wednesday, as we are hanging about the $2150 level.