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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On Wednesday, the US dollar pulled back against the Brazilian real as a reaction to the recent breakout.
The US dollar has been like a wrecking ball against almost everything, including the euro.
The British pound fell a bit on Wednesday as we continue to see the US dollar act like a wrecking ball against almost everything.
The West Texas Intermediate Crude Oil market initially rallied on Wednesday but gave back gains to form a bit of a shooting star.
Bitcoin had a relatively quiet session on Wednesday as we are hanging just above the $20,000 level, an area that of course is a large, round, psychologically significant figure.
The gold market rallied a bit on Wednesday but has also found plenty of selling pressure near the $1835 level.
The S&P 500 did very little Wednesday, and considering how rough the selloff was on Tuesday, one has to look at that as a bit of a moral victory.
The USD/INR appears set to start the month of July near record values, as price velocity and an upwards climb have proven that resistance is vulnerable.
The BTC/USD pair retreated as the fear and greed index and American shares pulled back. Bitcoin is trading at the important support level of $20,000.
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The GBP/USD price dropped sharply during the overnight session as the US dollar strength continued and the outlook of the UK economy dimmed.
The EUR/USD declined sharply as the ongoing euro sell-off gathered momentum.
Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 2.02%.
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Sign up to get the latest market updates and free signals directly to your inbox.The Dow Jones Industrial Average declined during its recent trading at the intraday levels, to record sharp losses in its last sessions, by -1.56%.
The European Central Bank appears ready to start its interest rate raising cycle with a bold 50 basis point increase, according to recent statements from some of the bank's monetary policy officials.
With the return of the strength of the US dollar, XAU/USD gold prices were subjected to quick selling operations.