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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USDCHF Analysis: Consolidation between 0.9800 and 0.9830
GBPUSD: Less bullish as no deal Brexit becoming more likely
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The US dollar has rallied quite significantly against the Mexican peso during trading on Wednesday, as we continue to see a rush into safety currencies.
The Australian dollar has initially tried to rally during the trading session on Wednesday but then rolled over to reach down towards the 0.67 handle.
The natural gas markets initially tried to rally during the trading session on Wednesday, but as you can see we have found a significant downtrend line that has held the market down for quite some time.
Gold markets have gone back and forth during the trading session on Wednesday as we continue to dance around the $1550 level.
Bearish pressure on USD/JPY remains intact and testing the 104.44 support at the beginning of this week, the lowest in 32 months, has consolidated the strength of the general trend.
Gold rushed back up as, and as expected in the previous technical analysis that gold continues move around and the above $1500 psychological resistance will remain supportive of the upward trend and may motivate investors to return to buy it as long as global trade and geopolitical tensions exist.
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A New support for the recent GBP/USD upward correction after the British opposition leader, Jeremy Corbyn, pledged to prevent Brexit without agreement.
Continued downward pressure on EUR/USD and weak correction attempts, make traders wonder about the upcoming targets for the continuation of the current situation.
NZDUSD: Bearish price channel continues to hold