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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Wednesday's trading session will be closely watched by traders, with a keen eye on any developments from the Federal Reserve.
The AUD/USD has experienced a modest rally during Wednesday's trading session, showcasing the ongoing volatility in the market.
FOMC meeting boosted risk appetite for the Aussie.
Bitcoin and American stocks and bonds reacted positively to the latest Federal Reserve interest rate decision.
The EUR/USD retreated below an important support level after the latest Federal Reserve decision.
The GBP/USD exchange rate was flat after the Federal Reserve interest rate decision.
The EUR/USD has started its trading for November having concluded a rather choppy October with rather mixed results which essentially led to a very slight monthly change of value.
The USD/INR has produced one of the most stable price ranges of any major currency pair globally, but this has not happened without the intervention of Indian government.
The West Texas Intermediate Crude Oil market (US Oil) had a back-and-forth month during October, and I suspect we probably have more of the same ahead.
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The US dollar has been consolidating against the Mexican peso during a majority of the month of October, as we continue to bang against a very serious significant resistance barrier.
The S&P 500 had a very tough October, which is not a huge surprise considering that there is so much going on around the world.
The NASDAQ 100 has had a tough October, as it is currently testing the 50-Week you may indicator.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have had a very bullish month of October, and certainly there is a lot out there going on at the moment that could cause gold to continue to be noisy.
The price of the Turkish Lira stabilized against the US dollar during early trading on Wednesday morning, as the pair traded near its highest level ever, which it recorded during yesterday’s trading.
Since the start of trading this week, the price of gold XAU/USD has maintained the psychological resistance of $2,000 per ounce.