The Canadian dollar bounced on Wednesday at the ¥99 level, an area that should capture a lot of attention because it has historically been very important.
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 rallied a bit on Wednesday, hanging on to the $37,500 support level.
The EUR/USD price crashed to the lowest level in five years as concerns about the Eurozone economy continued.
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The BTC/USD pair remained in a tight range as Wall Street attempted to recover.
The AUD/USD pair crashed to the lowest level since February 22nd even after the strong Australian inflation data.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at an increase in its recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 0.34%.
The Turkish lira fell against the strong dollar as the pair recorded its lowest level in a month, with investors rushing the US dollar at the expense of most major currencies and currencies of emerging economies.
The Dow Jones Industrial Average returned to decline during its recent trading at the intraday levels, to suffer sharp losses in its last sessions by -2.38%.
For seven consecutive trading sessions, the price of gold has been sold off.
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Despite three consecutive trading sessions, during which the price of the USD/JPY was subjected to sell-offs, it moved towards the support level 126.92 and settled around 127.20 at the time of writing the analysis.
Due to continued purchases of the US dollar thanks to strong expectations for raising US interest rates this year, the GBP/USD continued to move within its descending channel.
Amid continuing weakness factors, the downward trend of the EUR/USD currency pair continues.
DOGE/USD has delivered what speculators crave, a raw amount of volatility and the opportunity to make money quickly, which can also lead to costly losses.
BNB/USD has demonstrated a serious amount of choppiness the past five days and its volatile results are not likely to end soon, creating speculative opportunities.
The Aussie is likely to decline against the strong US Dollar.