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 Euro rallied a bit during the trading session on Wednesday but continues to see a lot of resistance above at the 1.10 level.
The Australian dollar has initially tried to rally during the trading session on Wednesday but found resistance again at the 0.6750 level in rolled over to form a shooting star.
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The British pound has rallied a bit initially during the trading session on Wednesday but has rolled over again
The US dollar rallied significantly during the trading session on Wednesday, after initially pulling back below the ¥107 level.
Gold markets gapped higher to kick off the trading session on Wednesday, and then spent the day back and forth in what would have been most accurately described as choppy trading.
Bitcoin markets rallied during the trading session on Wednesday, launching from the 200 day EMA and even managed to break above the $8500 level.
The West Texas Intermediate Crude Oil market initially shot higher during the trading session, then pulled back.
Gold is turning its short-term resistance zone back into support following a reversal from a previous breakdown.
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Brexit negotiations are ongoing and forex traders have to sort through conflicting reports.
Volatility in the EUR/CHF increased as price action initially pushed above its short-term resistance zone and advanced into its ascending 61.8 Fibonacci Retracement Fan Resistance Level.
USDCAD: Bullish consolidation between 1.3289 and 1.3345
USDCHF Analysis: Area at 0.9900 is likely to be today’s pivotal point