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 outlook for EUR/USD remains somewhat hazy. Despite the rise of the US dollar against all major currencies, it is difficult to imagine strong and lasting gains against some of them, including the euro.
The US dollar has outperformed well out of the other major currencies and continues to rise against most of them today as well.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to record losses for the second day in a row, by -0.18%.
Spot natural gas prices (CFDS ON NATURAL GAS) declined slightly during their early trading on Wednesday, to record slight daily losses until the moment of writing this report, by -0.04%.
The global stock sell-off continues as investors are shocked to realize that the Federal Reserve's work to try to tame hyperinflation in the US is far from over
The British pound lost notable gains against the dollar and fell against the euro, yen and franc following comments from the US central bank chief
The USD/SGD has sustained its higher price range in early trading this morning and is traversing near the 1.35300 level as of this writing.
The silver market experienced a bit of a rollercoaster ride, initially falling but then finding enough buyers to turn things around and show signs of life.
The USD/JPY is near the 136.700 ratios as of this writing and is lingering around values produced last Friday.
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The S&P 500 market experienced a dip in futures trading overnight but managed to recover some ground during the day.
The US dollar has rallied significantly against the Japanese yen during Wednesday's early trading hours.
The US dollar has pulled back just a bit against the Swiss franc during trading on Wednesday, as the 200-Day EMA has caused a little bit of resistance.
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The Gold markets have remained relatively subdued during Wednesday's trading session, reflecting the confusion among traders regarding monetary policy.
On Wednesday, the EUR/USD experienced a dip below the 200-Day EMA, which prompted value hunters to take notice.