In the last five trading sessions in a row, the gold price succeeded in benefiting strongly from the decline of the US dollar
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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We noticed a strong activity for the US dollar against the Japanese yen yesterday, as the bulls tried to break the strong downtrend of the currency pair.
The bears succeeded in testing the 1.4100 support for the GBP / USD currency pair amid selling as the US dollar recovered after the release of the US Federal Reserve meeting minutes.
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We mentioned in previous analyses of the EUR / USD currency pair that the strong recent gains have pushed the technical indicators to strong overbought levels.
ADA/USD has produced absolutely astonishing robust moves which are sure to test the fortitude of the strongest speculators.
XRP/USD lost value in a swift manner yesterday; in fact, its decline needs to be looked at carefully via technical charts as a warning sign.
DOGE/USD has experienced swift trading conditions like many of the major cryptocurrencies the past couple of days and values look fragile.
ETH/USD slid further in value yesterday and momentarily traded below the 2000.00 mark, leaving speculators to contemplate technical charts and nervous sentiment.
The DAX gapped lower to kick off the trading session on Wednesday to show signs of weakness as risk appetite around the world got absolutely crushed.
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The FTSE 100 gapped lower to kick off the trading session on Wednesday, and then shot lower to see whether or not there was going to be even more pressure to the downside.
The West Texas Intermediate Crude Oil market fell hard during the trading session on Wednesday as pretty much everything out there got hammered.
The NASDAQ 100 fell during the trading session on Wednesday as we have seen a lot of risk appetite get crushed during the day.
The S&P 500 fell rather hard during the trading session on Wednesday to reach down towards the uptrend line that has been so crucial in this market.
0.7778 may be today’s pivotal point.
The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.