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 US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.
The strong US dollar’s momentum from the Federal Reserve’s announcement yesterday contributed to the evaporation of the first rebound gains for gold XAU/USD.
The USD/TRY remains in a bullish trend which has the feeling of an impossible direction to defeat; yesterday’s slight selling pressure was met by a swift stronger reversal higher.
The USD/SGD has mirrored other major currency pairs in the past twelve hours, after a wave of selling was stopped by U.S Fed policy rhetoric and a reversal higher ensued.
The GBP/USD price rose slightly after the latest decision by the Federal Reserve.
The EUR/USD price rose after the latest Federal Open Market Committee (FOMC) interest rates.
The BTC/USD pair retreated slightly after the latest interest rate decision by the Fed.
The AUD/USD price dropped slightly in the overnight session as investors reacted to the Federal Reserve statement.
The West Texas Intermediate Crude Oil market has rallied again during the session on Wednesday as we await Federal Reserve guidance.
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The Nikkei 225 tried to rally during the trading session on Wednesday but continues to give up gains above the ¥27,600 area.
The FTSE 100 house tried to rally initially during the trading session on Wednesday but gave bank gain as we approached the 7200 level.
The DAX pullback during the trading session on Wednesday to reach toward the €13,250 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The BTC/USD has done very little again during the training session on Wednesday as we await the results of the Federal Reserve meeting.
The USD/JPY initially fell during trading on Wednesday as traders awaited the Federal Reserve announcement.
The S&P 500 E-mini contract has gotten hammered during the trading session on Wednesday, as we had initially tried to break above the 3900 level, only to get squashed.