The USD/INR has climbed with a rather steady incremental pace as resistance has proven vulnerable after flirting with lower depths early in December.
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 West Texas Intermediate Crude Oil market has fallen hard again during the trading section on Wednesday, as we have made a fresh, new low.
The USD/JPY initially tried to rally during the trading session on Wednesday but pulled back a bit as we approached the ¥138 level.
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The USD/CAD has gone back and forth during the trading session on Wednesday as the market may be running into a little bit of exhaustion.
The NZD/JPY dollar initially rallied during the trading session on Wednesday, showing bullish pressure again against the Japanese yen.
The S&P 500 rallied a bit during the trading session on Wednesday but gave a gain to show signs of exhaustion.
The GBP/USD pair has bounced from the 200-Day EMA again on Wednesday, as we continue to consolidate ahead of a crucial Federal Reserve meeting next week.
The EUR/USD rallied a bit during the trading session on Wednesday, but as you can see, we continue to bounce around the same area.
The DAX has gone back and forth during the session on Wednesday, as it looks like we are hanging on to the minor support from the recent consolidation.
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The BTC/USD has pulled back a bit during the trading session on Wednesday, as we continue to see truly lackluster performance in the cryptocurrency markets.
The AUD/USD has rallied a bit during the trading session on Wednesday, hanging onto the wedge that we have been in for the last couple of weeks.
For the third day in a row, the price of the EUR/USD currency pair is exposed to selling operations that pushed it towards the support level
The pound is poised to extend its recent gains against the dollar some analysts say, but global investor sentiment should remain supportive.
Since the start of this week's trading, the price of the USD/JPY currency pair is in an upward retracement.
Amidst profit-taking sales, XAU/USD gold prices are trying to hold on to the resistance level at $1775 an ounce, to continue the bullish trend.