The DAX Index fell initially during the trading session on Wednesday but found enough support near the 50-day EMA to show signs of support again.
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 gold markets went back and forth during the trading session on Wednesday as we awaited the Federal Reserve announcement.
The fact that the market has shown itself to form a bit of a hammer suggests that we may get a little bounce.
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The US dollar initially pulled back a bit during the trading session on Wednesday only to turn around and show signs of life again.
The euro initially pulled back during the trading session on Wednesday, but as Jerome Powell got done with his press conference, it became obvious that the US dollar was going to get hit.
The British pound initially pulled back just a bit during the trading session on Wednesday but then turned around to recapture the 50-day EMA.
The GBP/USD pair rose above a key resistance level after the relatively weak UK home price growth data and the Fed interest rate decision.
The BTC/USD crashed below 30,000 last week as investors reacted to the latest Delta virus wave in most countries.
For five trading sessions in a row, the price of the EUR/USD currency pair is trying to exit the descending channel, which pushed it towards the 1.1752 support level.
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The decline of the US dollar stopped the losses in the price of an ounce of gold, which reached the support level of 1793 dollars.
Investors temporarily abandoned buying the US dollar until they stand on the monetary policy decisions of the US Federal Reserve.
Weakness of fears of an increase in British injuries with the Corona Delta variable contributed to the increase in the gains of the GBP/USD currency pair.
The USD/BRL has produced an incremental short-term bearish trend and support levels appear potentially vulnerable for speculative trades.
The USD/MXN provided a sudden and swift bearish move yesterday as the Forex pair again was able to puncture below the 20.00000 level.
The USD/INR continues to trade in a consolidated range and speculators within this Forex pair should be suspicious.