NZDUSD analysis: Firm bullish move within long-term range
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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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Bitcoin: Bullish consolidation above $8,893 still holding
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The Euro shot higher during the trading session on Wednesday as we finally got the Federal Reserve statement.
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Looking at the Bitcoin chart, it’s easy to suggest that not much happened during the trading session on Wednesday.
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The WTI Crude Oil market broke down a bit during the trading session initially on Wednesday but turned around of form a bit of a hammer.
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The US dollar initially rallied against the Japanese yen during the trading session on Wednesday but found quite a bit of bearish pressure as we reached towards the Federal Reserve statement.
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The S&P 500 did very little during the trading session after the Federal Reserve statement, as it was dovish, but didn’t necessarily guarantee anything.
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Gold markets rallied significantly after initially trying to pull back during the trading session on Wednesday.
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