The price of the GBP/USD currency pair is settling around the resistance 1.3597 at the time of writing the analysis.
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
Despite the strong signals from the Federal Reserve about the future of raising US interest rates this year, the USD/JPY currency pair is subjected to selling operations that pushed it towards the level of 115.11.
The Fed minutes were released and did little to change the perception that the Fed might raise interest rates by 50 basis points in March.
Top Regulated Brokers
The lira has stabilized during today's early trading, without major changes, as investors await the Turkish interest rate decision, which is expected to be released today.
MATIC/USD has climbed higher over the past couple of days, and has maintained a stronger short term price range which could ignite bullish speculation.
SHIB/USD has traded slightly lower in early trading today after coming off short-term highs, and intriguingly, Shiba Inu looks technically opportunistic.
The AUD remains vulnerable to a sudden deterioration of risk sentiment.
The euro rallied just a bit on Wednesday to show signs of life again, but there is a significant amount of supply above that I think comes into the picture.
The West Texas Intermediate Crude Oil market rallied significantly on Wednesday to recapture almost all of the losses from the previous session.
Bonuses & Promotions
The US dollar fell a bit on Wednesday against its northern neighbor, but it still remains very much in a consolidation area.
The NASDAQ 100 initially sold off on Wednesday as we saw a lot of “risk off trading” early in the day.
The S&P 500 has gone back and forth on Wednesday as we hover around the 4450 handle.
The German DAX Index rallied initially on Wednesday to reach towards the 50-day EMA and the downtrend line that you see on the chart.
Stellar had a slightly positive session on Wednesday, but nothing that I would write home about.
Ethereum rallied a bit early on Wednesday, only to turn around and give up all the gains as the 200-day EMA continues to be a technical issue for the market.