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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Gold provided a flourish of bullish momentum yesterday as it broke through important resistance and surged to mid-term highs leaving speculators with a decision to make today.
The price is trading at 1-year lows below $1.1500.
The DAX Index rallied a bit on Wednesday but gave back gains yet again as we have multiple days in a row.
The IBEX index initially rallied on Wednesday but has run into a bit of a headwind via the overall risk appetite globally.
The Bitcoin market went back and forth on Wednesday as it continues to try to make all-time highs.
The NASDAQ 100 sold off quite drastically on Wednesday as we pierced the 16,000 level.
The S&P 500 got crushed after the worst 30-year bond auction in history took the headlines in the United States.
Gold markets exploded to the upside on Wednesday to break through the significant $1835 level.
The silver market initially fell on Wednesday but found enough buyers to turn things back around.
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The West Texas Intermediate Crude Oil market fell significantly on Wednesday to reach down towards the $81.50 level.
The euro sold off quite drastically on Wednesday as we pierced the 1.15 level.
The British pound got slammed on Wednesday, crashing into the major support region just above the 1.34 handle.
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Sign up to get the latest market updates and free signals directly to your inbox.The BTC/USD pair jumped to an all-time high on Wednesday as investors reflected on the rising global inflation.
The GBP/USD price declined as investors reflected on the strong US inflation data.
The AUD/USD pair declined for three consecutive days as investors reflect on the fast-rising American inflation and the relatively weak Australian jobs numbers.