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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ADA/USD has been volatile in early trading this morning, this after a downturn which started on the 5th of April built up speed.
ETH/USD has taken a negative turn the past two days of trading, and positive sentiment which had been building in the cryptocurrency markets will now be tested.
The US dollar rallied significantly on Wednesday to break above the top of the hammer from the previous session, suggesting that we are in fact trying to recover overall.
The euro fell after initially trying to rally on Wednesday, as we continue to see plenty of downward pressure.
The Australian dollar fell a bit on Wednesday as we see a continuation of the shock to the markets after the FOMC statement suggested that the Federal Reserve is going to be much more hawkish than initially expected.
The S&P 500 fell a bit on Wednesday to test the bottom of the bullish flag that we have been trying to form.
The West Texas Intermediate Crude Oil market broke down significantly during the trading session on Wednesday to slice through multiple areas of support.
Gold markets went back and forth on Wednesday to show the $1920 level as support yet again.
Monero pulled back on Wednesday to test the 200-day EMA yet again, which sits at the $210 level.
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Ripple fell a bit on Wednesday to lose over 6%.
The DAX fell on Wednesday to break through a support level at the €14,250 level.
The Bitcoin market broke down significantly on Wednesday to slice through the 200-day EMA.
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The overall strength of the US dollar pushed the GBP/USD price below a key support level.
Bitcoin joined American stocks in a major slump as investors continued to worry about the hawkish Federal Reserve.