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 US dollar suffered a strong setback in the markets because of the announcement by the US Federal Reserve yesterday to keep US interest rates unchanged with a date for rate cuts next year.
During Wednesday's trading session, crude oil markets experienced an initial decline, reflecting the ongoing efforts to establish a stable price floor.
The US Central Bank’s announcement to keep US interest rates unchanged, with clear indications of the possibility of lowering rates next year.
During Wednesday's trading session, the EUR/USD exhibited a back-and-forth movement, indicating a phase of uncertainty and indecision in the market.
Gold markets experienced fluctuating movements during Wednesday's trading session, reflecting a period of uncertainty as investors await the Federal Reserve's impending announcement.
Silver experienced a significant downturn during Wednesday's trading session, continuing its recent trend of negative performance.
The S&P 500 experienced a slight rally during Wednesday's trading session, suggesting a readiness for continued upward movement.
The USD/JPY showed initial strength on Wednesday, with market participants closely monitoring the Federal Reserve's forthcoming statement.
The NASDAQ 100 initially rallied during the trading session on Wednesday, as we are waiting for the Federal Reserve announcement.
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The GBP/CHF has been all over the place during the trading session on Wednesday, as we are hanging around the 1.10 level, and of course waiting for a couple of major announcements coming out of both of those countries.
The Wednesday trading session witnessed Bitcoin experiencing a noticeable decline, settling just above the critical $40,000 level.
The AUD/USD experienced a notable decline during Wednesday's trading session, gravitating towards the 50-Day Exponential Moving Average, coinciding with the key 0.65 level.
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The EUR/USD pair drifted upwards after the relatively dovish Federal Reserve decision.
Bitcoin price bounced back after the encouraging Federal Reserve decision.