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.
Most Recent
The British pound has gotten hammer during the early hours on Wednesday as we continue to see a lot of chaos in the currency markets.
The euro initially fell again during the early hours on Wednesday but has since recovered against the British pound to continue the overall noisy consolidation that we have been in for some time.
The US dollar rallied rather significantly during the trading session on Wednesday.
Top Forex Brokers
The DAX was all over the place during the trading session on Wednesday as stock markets and risk assets all seem to be lost at the moment.
Bitcoin has been all over the place during the trading session on Wednesday, as we are trying to determine whether or not the market did successfully support the $60,000 level.
The British Pound has been very volatile against the Swiss Franc as of late, but it looks like Wednesday is going to be a little bit of a breather just waiting to happen.
The Japanese yen has settled back to around 159.93 against the US dollar after threatening to breach a key psychological level of 160.
Weak sentiment has kept GBP/USD from gaining ground since the start of this week's trading, with its gains not exceeding the 1.2702 resistance level.
EUR/USD’s attempts to rebound higher at the start of this week’s trading failed, with gains not exceeding 1.0746, as it quickly returned to its strongest downward path.
Bonuses & Promotions
The weakness of the strength factors and the continued gains of the US dollar contributed to the selling of gold.
Trading in the NZD/USD pair has been choppy, but has found the lower values of its known range a testing ground the past few days.
The USD/BRL has remained within the upper levels of its price range for a handful of days.
The US dollar has rallied significantly during the trading session on Tuesday against the Norwegian krone, breaking above the 10.6 level.
The US dollar initially pulled back slightly against the Swiss franc during early trading on Tuesday.
During the early hours on Tuesday, we have rallied a bit to show signs of life in the US dollar as we are testing the 18.25 South African Rand level.