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.
As we expected in the previous analysis, the USD/JPY performance of moving in tight ranges for several sessions is awaiting a strong move in one direction or the other and was closer to continue the downtrend as long as it was holding below the 108.00 support.
The NASDAQ 100 has shown a significant amount of resiliency, despite the massive amounts of volatility that we see on a daily basis.
The British pound has now broken above the 200 day EMA, which of course is a very bullish sign.
The US dollar initially rallied during the trading session on Wednesday but as you can see, we have seen a lot of exhaustion above the crucial ¥107.50 level.
The Australian dollar has rallied again during the trading session on Wednesday, testing the 0.70 level.
The S&P 500 rallied a bit during the trading session on Wednesday after we initially pulled back.
AUD/USD: Yet bears still holding 0.7000
The Euro continues to rally significantly, slamming into the 1.1350 region.
The past day of trading for the USD/MXN has produced a fairly solid range of 22.6400 to 22.8700 for the currency pair.
The USD/NOK has produced a solid selling trend the past week.
The USD/PRK has actually found a slightly bearish trend develop the past couple of days.
The USD/SGD has seen a burst of selling emerge the past day and short term momentum is making current support levels appear vulnerable.
BTC/USD: Yet bulls muted below $10,000
