n my daily analysis of exotic currency pairs, the US dollar against the Norwegian Krone is one that I'm watching very closely due to the fact that we have bounced from a major support level.
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 USD/INR has risen the past two day of trading.
For an extended amount of time the USD/MYR exchange rate had been traversing record highs and the 4.7800 vicinity was a resistance level that was being challenged.
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The USD/PHP currency pair as one that I’m watching closely, because we have seen the US dollar plunged against the Philippine peso for some time now, but the Wednesday session seem to be more of the same downward sudden pressure.
The British pound pulled back initially against the Swiss franc during the trading session on Wednesday, to reach toward the 1.13 level and the 200-day EMA, only to turn around and show signs of life again.
The AUD/CHF pair has seen a lot of noisy behavior, as we had reached the 200 Day EMA.
I notice that we have added a lot of strength show up in the favor the US dollar, as we have bounce from a crucial level in the form of the 0.84 level.
The West Texas Intermediate Crude Oil market fell a bit during the trading session on Wednesday, as it stands out amongst a significant sell off when it comes to the overall commodity markets.
The GBP/USD pair is likely to continue to see a lot of noisy behavior.
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In my daily analysis of the global indices around the world that I follow, the DAX stands head and shoulders above a lot of other ones because we are threatening a major breakout.
The first thing I see is that the British pound is doing everything it can to break out against the Japanese yen.
The GBP/USD exchange rate rose to its highest level in years and then retreated amid heightened geopolitical issues.
As I review the gold market for the trading session, it's been quite volatile. Given the recent significant rally, it makes sense to see some pullback.
Bitcoin remained in a tight range during the overnight session as risky assets pulled back.
The Australian dollar pulled back sharply after the monthly inflation indicator retreated to its lowest point in three years.