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.
Most Recent
The euro was clearly outperforming at the start of the new month as it responded to another higher jump in German bond yields as investors reacted to the surprisingly strong inflation readings.
For two days in a row, the price of XAU/USD gold tried to rebound to the upside and recover from the strong and sharp selling operations.
Any attempt by the GBP/USD pair to recover upwards would be subject to a quick sale this week.
The USD/CHF has pulled back a bit during the trading session on Wednesday, as the 200-Day EMA sits just above.
The US dollar made an attempt to rally during Wednesday's trading session but quickly gave back its gains.
During Wednesday's trading session, the S&P 500 attempted to rally but quickly gave up its gains due to the prevailing negativity in the market.
For four trading sessions in a row, every time the bulls try to push the USD/JPY currency pair to cross the resistance barrier at 136.92, its highest in two months, it is exposed to profit-taking sales.
During Wednesday's trading session, the West Texas Intermediate Crude Oil market initially experienced a slight surge.
During Wednesday's trading session, the GBP/JPY showed a lot of volatility and noisy behavior.
Bonuses & Promotions
During Wednesday's trading session, silver attempted to rally and demonstrate strength following a bullish session on Tuesday.
During Wednesday's trading session, the AUD/USD initially pulled back to the 0.67 level, an area that has seen support a few times in the past.
The British pound has experienced a slight rally, touching the 50-Day EMA, which is right at the 1.21 level, an area that has been important more than once.
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The pair has moved below the key support at 23,968, the lowest point on February 20th.
The Euro has experienced a significant rally during trading on Wednesday, reaching above the 50-Day EMA (Exponential Moving Average).