For the third day in a row, the price of the USD/JPY currency pair is still subjected to profit-taking operations after its recent gains, reaching the resistance level of 125.10
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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Despite the recent optimism from the negotiation round between Russia and Ukraine, the rebound gains for the GBP/USD currency pair declined
The Ethereum markets were very quiet during the trading session on Wednesday, as we hang around the $3400 level.
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Monero has gone back and forth during the trading session on Wednesday as we are currently hovering at the $220 level.
The West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Wednesday to break above the top of the hammer from Tuesday
The German index has pulled back a bit during the trading session on Wednesday to reach the 50 Day EMA again.
Gold markets have rallied during the trading session on Wednesday to reach higher and fill the gap from the open on Tuesday.
The bitcoin markets have pulled back ever so slightly during the trading session on Wednesday but have also found buyers underneath to push the market higher.
The S&P 500 has pulled back during the trading session on Wednesday to reach the 4600 level before bouncing a bit.
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The US dollar has fallen against the Japanese yen during the trading session on Wednesday, as the overbought conditions have finally started to acknowledge the existence of gravity.
The British pound has rallied during the trading session on Wednesday to reach near the 1.32 handle, an area that has been important more than once.
The Euro has tested the 50 Day EMA yet again during the trading session on Wednesday, just as it did during the Tuesday session.
BNB/USD is trading near the 443.0000 juncture as of this writing. Binance Coin has sustained a solid bullish run which began around the 13th of March,
SHIB/USD has traded upwards since the 15th of March and has in many respects mirrored the results of the broad cryptocurrency market.
Price holding up for now but seems ready for a downwards turn.