The NASDAQ 100 has shown itself to be resilient over the longer term, and as we pulled back a bit during the trading session on Wednesday.
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 S&P 500 has initially pulled back against the backdrop of a FOMC meeting coming out on Wednesday.
India continues to report nearly 50,000 new Covid-19 infections daily and remains the most-infected country in Asia.
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The British pound has rallied significantly during the trading session on Wednesday as we reached towards the $1.30 level before pulling back ever so slightly.
The Japanese yen has gained slightly during the trading session on Wednesday after the Federal Reserve reiterated its determination to liquefy the markets.
The Australian dollar has rallied again during the trading session on Wednesday and now that we have gotten the FOMC statement and press conference on the way, is very likely that the Aussie can continue the trend that we have been in.
The Bitcoin markets have rallied again during the trading session on Wednesday, as we continue to see buyers jump into this marketplace.
The silver markets have gone back and forth during the trading session on Wednesday as the FOMC has spoken, reiterated and the fact that they are willing to flood the markets with US dollars.
The British pound initially dipped a bit during the trading session on Tuesday but then rallied rather significantly.
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For eight consecutive trading sessions, the GBP/USD pair was in an upward correction range, taking advantage of the decline in the US dollar.
The USD/RUB is nearing the end of its counter-trend advance that took it into its short-term resistance zone.
The Australian dollar had a choppy session on Tuesday, initially trying to rally before breaking down towards the 0.71 handle.
The Singapore Dollar has consolidated the past day and still lingers near crucial support levels. The 1.37750 mark is remarkably close but has not been challenged.
After producing a reasonable bearish trend since the middle of July, the USD/INR has seen a change in momentum the past week of trading as support levels have become more resolute.
Risk appetite has remained strong for the USD/MXN and the forex pair did break vulnerable short term support levels again yesterday.