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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GBPUSD: Messy and unpredictable on Brexit renegotiation attempt
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Gold markets initially pulled back during the New York trading session on Wednesday, reaching down towards the $1500 level before finding a bit of support.
The West Texas Intermediate crude oil market initially tried to rally during the New York trading session on Wednesday but found enough resistance above the downtrend line and the 50 day EMA to turn around and form a somewhat resistive candlestick.
The US dollar rallied a bit during the New York trading session on Wednesday, reaching towards the ¥107 level yet again.
The S&P 500 rallied quite nicely during the New York trading session on Wednesday as we continued to see a lot of bullish pressure.
The natural gas market tried to rally a bit during the New York trading session on Wednesday but faced a selloff yet again as they continued to look at the 50 day EMA as a bit of a “ceiling” in the market.
The NASDAQ 100 rallied significantly during the New York trading session on Wednesday, as we continued to see a lot of buying pressure but we also see a lot of resistance above at the 7800 level.
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The British pound broke down a bit during the New York trading session on Wednesday as we continued to see a lot of resistance at the 1.22 handle.
The Euro initially tried to rally during the New York trading session on Wednesday,
The Bitcoin market fell rather hard during trading on Wednesday, reaching down below the 50 day EMA during that day.
The Australian dollar initially tried to rally during the trading session on Wednesday, reaching towards the 0.68 handle.
Ahead of the release of the minutes of the last Fed meeting, the EUR/USD stabilizes below the 1.1100 support level.
For five trading sessions in a row, the GBP/USD pair is trying to correct higher, but the gains did not exceed the 1.2180 resistance level recorded during Tuesday's trading session.