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 pressure on the US dollar, with the US interest rate cut nearing for the first time in 10 years, drove the ounce of gold price to the $ 1428 resistance level early Thursday, before settling around $ 1420 at the time of writing.
The weakness of the US dollar, investors risk aversion, and the return to safe havens contributed to the evaporation of the USD / JPY gains,
The British pound initially broke down during the trading session but then turned around to show signs of life.
The NASDAQ 100 initially tried to rally during the trading session on Wednesday but gave up the gains as we broke down through the 7900 level.
The US dollar initially tried to rally during the Wednesday trading session against the Japanese yen but has pulled back towards the ¥108 level.
The Euro initially fell during the trading session on Wednesday but found enough support near the 1.12 level to turn things around and rally.
The Australian dollar has gone back and forth during the trading session on Wednesday, reaching down towards the vital 0.70 level before bouncing a bit.
The crude oil markets initially tried to rally during the trading session on Wednesday but found enough resistance above the 50 day EMA to break down rather significantly.
Bitcoin markets fell initially during the trading session on Wednesday, breaking down below the 50 day EMA, an area that a lot of technical traders will pay attention to.
Natural gas markets went back and forth during the session on Wednesday as we hover above the crucial $2.30 level.
The stock markets initially tried to rally during the trading session on Wednesday but found the area above to be far too resistive, and we have broken through the 3000 level rather decidedly.
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