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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USDCAD: 1.3300 likely to be day’s pivotal point again
USDCHF Analysis: Bulls seeking to break above 0.9957
GBPUSD: Choppy but buyers keep price above support at 1.2642
The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, which has caused a lot of resistance over the last several sessions.
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Bitcoin markets continue to grind back and forth, with a slightly positive session on Wednesday.
The S&P 500 continues to be an absolute mess, as we have formed a couple of shooting stars over the last handful of sessions, but Wednesday saw a little bit more aggression when it comes to selling.
The WTI Crude Oil market broke down rather significantly during the trading session in what would have been one of the more volatile days we’ve seen recently.
The US dollar fell significantly during the trading session on Wednesday but filled the gap and then found buyers.
The attached chart is the hourly timeframe, which is much shorter than I typically show you here at Daily Forex.