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 USD/JPY took off during the trading session on Wednesday as Kuroda reiterated the Bank of Japan’s desire to keep interest rates down.
The AUD/USD has had a relatively quiet trading session on Wednesday, as we are hanging about the 0.6550 level.
The EUR/USD has fallen again during the trading session on Wednesday, after forming an inverted hammer on Tuesday.
Since the minutes of the last meeting of the US Federal Reserve did not bring anything new to the financial markets, as the bank is still determined to continue raising US interest rates
Since the middle of this week's trading, the British pound is close to recognizing the losses it incurred last night after Andrew Bailey, Governor of the Bank of England,
The Japanese yen fell to a two-decade low after Bank of Japan Governor Haruhiko Kuroda pledged to maintain monetary policy in order to support an economic recovery
With the continued strength of the US dollar, the price of gold XAU/USD fell, stable around the level of 1668 dollars an ounce.
The DAX initially rallied during the trading session on Wednesday but gave back some of the gains.
The BTC/USD has done very little during the trading session on Wednesday as we continue to wait around for some type of signal.
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The USD/CAD is testing early morning highs as of this writing as it incrementally continues to show a bullish trend which shows consistent price action.
The NZD/USD continues to test lower support and then produce slight upwards reversals as the lower trend remains intact.
The West Texas Intermediate Crude Oil market has pulled back for the third day in a row to pierce the $87 level, only to find a little bit of support.
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The S&P 500 E-mini contract has gone back and forth during the trading session on Wednesday, sitting right around the 3600 level.
The NASDAQ 100 went back and forth during the day on Wednesday, and relatively titrating as the markets are waiting on the CPI numbers coming out on Thursday.