The continuation of the bearish pressure on the US dollar price is positive for the XAU/USD gold price,
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 price of the TRY/USD has stabilized despite the strong movement in global markets since yesterday, after the decision to raise interest rates in the United States of America by 50 basis points.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to break a series of gains that lasted for two days.
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The USD/NOK is near the 9.80000 ratios as of this writing with rather a quick trading flickering across the Forex monitor.
The USD/INR has continued to produce volatile movements within a known range and highlights the need for risk management for speculators.
The S&P 500 has gone back and forth during the day on Wednesday, as we are hanging around the 200-Day EMA.
Gold markets have pulled back a bit after the FOMC statement, as it looks obvious that the Federal Reserve.
The EUR/GBP continues to construct against the British pound, as we start to head towards the European Central Bank meeting on Thursday.
The GBP/JPY has initially fallen during trading on Wednesday but has turned around to show signs of life as we continue to find buyers against the Japanese yen.
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The West Texas Intermediate Crude Oil market rallied again during the trading session on Wednesday, as we have started to recover from extremely oversold conditions.
The Nifty 50 has gapped higher to kick off the day on Wednesday, showing strength yet again.
The Hong Kong stock exchange has been rather resilient over the last several weeks, as we continue to threaten quite a bit of major resistance.
The DAX has been very quiet during trading on Wednesday, as we are trying to figure out what to do with risk appetite.
The BTC/USD market has been rather quiet during the session on Wednesday, gaining 2% in the lead-up to the FOMC rate hike and statement.
The AUD/NZD has rallied a bit during the trading session on Wednesday as we continue to see a lot of volatility in the Forex markets.