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
Gold markets were all over the place Wednesday, as we continue to see a lot of volatility in most major markets.
The German DAX Index fell rather hard on Wednesday to reach the €13,000 level.
The British pound went back and forth on Wednesday, essentially not having any idea what to do with itself.
The euro initially fell on Wednesday only to turn around and rally again.
The AUD/USD formed a break and retest pattern as Jerome Powell testified in Senate.
The EUR/USD pair tilted upwards as the Federal Reserve testified before Congress.
The GBP/USD price tilted upwards after the latest UK consumer price index data and testimony by Jerome Powell, the Fed Chair.
The state of cautious anticipation still dominates the global financial markets, including of course the forex market.
Gold futures failed to join the rally in global financial markets as investors flocked to stock markets after rising interest rates and increasing recession expectations.
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Spot natural gas prices (CFDS ON NATURAL GAS) returned to decline in their recent trading at intraday levels, to record daily losses until the moment of writing this report, by -1.98%.
Japanese officials, whether from the government or the Central Bank of Japan, still abandoned commenting on the Japanese yen's collapse to its lowest level in 24 years.
The Turkish lira stabilized against the US dollar during today's early trading Wednesday.
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Sign up to get the latest market updates and free signals directly to your inbox.Before the launch of the most important events of this week, the exchange rate of the GBP/USD currency pair attempted to rebound upwards.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains in its last sessions, by 2.15%, to gain about 641.47 points.
The USD/JPY has climbed again and the value of the Forex pair is testing heights not seen since September of 1998.