My previous signal on 6th September was not triggered, as there was no bullish price action when the price first reached rejected the support level which I had identified at 0.6719.
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
The West Texas Intermediate Crude Oil market continues to do very little, as the Wednesday session was another grind fest.
Gold markets have done very little during the trading session on Wednesday, as we are sitting just above the $1700 level.
Top Regulated Brokers
Ethereum has done very little on Wednesday, which considering what happened on Tuesday is a bit of a minor victory.
The DAX has fallen a bit during the trading session on Wednesday as we continue to see a little bit of softness in the stock markets.
The BTC/USD did almost nothing during the day on Wednesday as we continue to see a lot of noisy behavior overall.
The USD/TRY settled on minor changes, as global reports showed the expansion of foreign reserves in the country.
The USD/MXN reflected the broad Forex world yesterday when the currency pair suddenly bounced higher as it reacted to the U.S inflation data published.
The USD/SGD is again near long term highs after U.S inflation data caused a tidal wave of reactions throughout the global financial markets yesterday.
Bonuses & Promotions
After the announcement of better-than-expected numbers for US inflation, which favors the path of raising US interest rates, the EUR/USD currency pair gave up most of its recent gains.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at an increase in recent trading at intraday levels, to record slight daily losses until the moment of writing this report.
The US dollar rose sharply after data showed that inflation in the US is heating up more than the markets expected.
The Dow Jones Industrial Average continued to rise in its recent trading at the intraday levels, to achieve gains for the fourth consecutive session.
Yesterday's trading session was the most important for the bulls to gain more control over the direction of the USD/JPY currency pair.
Gold futures fell after a higher-than-expected US inflation report in August