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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NZDUSD: Psychological level at 0.6500 not far below
USDJPY: Bullish breakout to new 2-month high price
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The Euro broke down below the 1.11 level during the trading session on Wednesday, after the Federal Reserve had cut interest rates by 25 basis points but did not sound like they were ready to continue cutting in a long sequence of moves.
Bitcoin markets rallied during the trading session on Wednesday, showing signs of support at the uptrend line just below.
The NASDAQ 100 fell rather hard during the trading session on Wednesday, slicing through the 7900 level.
The WTI Crude Oil market originally shot higher during the trading session on Wednesday but found enough trouble at the 200 day EMA to roll over and show signs of weakness yet again.
The S&P 500 got hammered during the trading session on Wednesday after the Federal Reserve interest rate cut, and more importantly the statement.
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USDCHF Analysis: Bullish breakout above 0.9950
GBPUSD: Very bearish, another new 2-year low
EURUSD: Bearish breakdown to new 2-year low price
The Australian dollar initially tried to rally during the trading session against the US dollar, but the Federal Reserve wasn’t quite dovish enough to pick up currencies against the greenback.
The US dollar has rallied a bit during the trading session on Wednesday, as the Federal Reserve of course has gotten very much in the spotlight due to the fact that the interest rate announcement had come out.