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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In my daily analysis of the DAX, the first thing I notice is that we are threatening a major trend line, and therefore we need to pay close attention to what happens next.
In my daily analysis of the CAC 40, the first thing I notice is that we are approaching a major support level.
In my daily analysis of the dollar against the Rand, the first thing I notice is that the 18.25 South African Rand level is an area that a lot of traders seem to be paying attention to.
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In my daily analysis of the dollar against the Norwegian Krone, it's evident to me that the market is trying to turn things around and retain its overall uptrend.
In my daily analysis of the New Zealand dollar, it looked initially like we were going to continue taking off to the upside, but it's probably worth noting that we have shown signs of exhaustion.
In my daily natural gas market analysis, the first thing I notice is that we gave back gains rather rapidly to form an inverted hammer.
In my daily analysis of the British pound against the Japanese yen, I find the price action somewhat interesting.
The pound has weakened across the board as the odds of a Bank of England rate cut continue to rise steadily, with markets now pricing in a cut today.
The Japanese yen rose against the US dollar in the middle of the trading week after the Bank of Japan raised its benchmark interest rate by up to 25 basis points.
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The euro hovered around $1.082, remaining below a four-month high of $1.094 touched on July 17, as traders digested key economic data and assessed the next move from the European Central Bank.
At the start of trading on Thursday, the price of gold jumped towards the resistance level of $2,458 per ounce.
The USD/INR pair is near the 83.7310 realm as of this writing with the typical amount of rather fast changes occurring across the screen because of its large spread between bid and ask prices.
The U.S. dollar has fallen a bit against the Philippine peso during the trading session on Wednesday as we wait for the Federal Reserve decision.
The Australian index has rallied rather significantly during the trading session here on Wednesday, gaining almost 2%, and at one point, actually did gain over 2%.
The New Zealand dollar has exploded to the upside showing signs of strength yet again during the trading session on Wednesday mirroring what we saw on Tuesday.