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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In the early trading hours of Wednesday, the West Texas Intermediate (WTI) Crude Oil market experienced a slight rebound, engaging with the 200-Day Exponential Moving Average – a technical indicator held in high regard by many traders.
The gold price tested the resistance level of $2,009 per ounce, the highest level in five months, before retreating to $1,970.
Prior to the Bank of England’s announcement, the price of the British pound against the US dollar “GBP/USD” stabilized around the level of 1.2180.
The USD/JPY has experienced a slight pullback during the early trading hours of Wednesday, creating an opportunity for value hunters to re-enter the market as anticipation builds for the upcoming Federal Reserve announcement.
The natural gas market experienced a slight dip in the early hours of Wednesday's trading session.
The S&P 500 experienced a turbulent trading session on Wednesday, initially stumbling before staging a bit of a recovery.
Wednesday's trading session saw the GBP/USD experiencing a significant drop, signaling a potential continuation of the bearish trend and threatening a major market breakdown.
The NZD/USD reacted to the U.S Federal Reserve’s FOMC Statement last evening with a burst higher and the currency pair now faces speculative questions.
The USD/ILS has come off of its highs seen a handful of days ago, and the currency pair has produced selling in the wake of the U.S Federal Reserve’s FOMC Statement yesterday.
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For the second day in a row, the price of the USD/JPY currency pair is subject to selling from its highest levels in a year, stabilizing around 150.40.
Silver faced some challenges during Wednesday's trading session, exhibiting a degree of erratic behavior.
The gold market had a somewhat turbulent start during Wednesday's trading session, initially experiencing a bit of a decline.
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Sign up to get the latest market updates and free signals directly to your inbox.Wednesday's trading session saw the British pound experiencing a slight retracement, possibly driven by traders locking in profits after a substantial rally.
Wednesday's trading session will be closely watched by traders, with a keen eye on any developments from the Federal Reserve.
The AUD/USD has experienced a modest rally during Wednesday's trading session, showcasing the ongoing volatility in the market.