Since the start of trading this week, the price of USD/JPY has been subjected to profit-taking after the storm of support for the dollar passed by the US Federal Reserve.
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 EURUSD price regained the 1.12 resistance at the beginning of this week's trading, but a close group of technical resistance on the charts
Monero was relatively quiet on Tuesday as we continue to look at the $150 level as a little bit of resistance.
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The West Texas Intermediate Crude Oil market went back and forth on Tuesday which should not be a huge surprise due to the fact that we have seen quite a bit of volatility over the last couple of days.
Bitcoin rallied a bit but gave back some of the gains to show signs of hesitation.
Gold markets spiked initially on Tuesday but have given up early gains as both the 50-day and the 200-day EMA indicators seem to be too much for the market.
Litecoin rallied just a bit on Tuesday to reach above the $114 level.
The GBP/USD held steady on Wednesday morning as investors reflected on the strong economic data from the UK and US.
The BTC/USD pair jumped to above 39,000 for the first time since January 22nd as the recovery continued.
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The AUD/USD darted higher as investors started pricing in a rate hike by the Reserve Bank of Australia (RBA).
Today’s trading started off positive for EUR/USD as the pair jumped to the resistance level of 1.1247. It is bouncing back from the 1.1122 support level that it recorded last week
The US dollar is strong. Fundamentally speaking, it will be enjoying high demand in the medium term.
With strong indications of the BOE's tightening future, the major focus of economists and markets will remain on the Bank of England's decisions about a new rate hike.
For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to selling operations that seem to take profits
The gold market held on to gains, recovering from last week's sharp drop that came on the heels of an upbeat turnaround from the Federal Reserve.