For two days in a row, gold was subject to profit-taking that pushed it towards the support level of $1814 after a period of upward stability around the $1845 resistance.
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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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After bullish stability over the last 3 sessions, the GBP/USD has settled around the 1.4165 resistance level, a two-and-a-half-month high.
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After the dust caused by the US job numbers settled, the US dollar reacted positively to the announcement of the US CPI reading.
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After achieving one-month highs only three days ago, the NZD/USD is now traversing near important support levels following a strong reversal lower.
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XRP/USD is hovering above critical mid-term support levels as speculators are left to decide on their sentiment regarding direction.
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The cluster of support below 0.7696 is likely to be today’s pivotal zone.
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DOGE/USD remains a source of speculative trading as its value changes continue to produce wild fluctuations.
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Another all-time record value was made by Ethereum in early trading yesterday, but the speeds of ETH/USD price changes are dangerous.
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The West Texas Intermediate Crude Oil market initially rallied during the trading session on Wednesday to reach the top of the massive ascending triangle that I have drawn on the chart.
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The US dollar initially fell against the Canadian dollar during the trading session again on Wednesday, but as we approach the 1.20 handle, it is obvious that we are starting to run into a bit of support.
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The DAX Index went back and forth during the trading session on Wednesday, as we have tested the 15,000 level yet again.
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The NASDAQ 100 broke down rather significantly during the trading session on Wednesday as we have seen inflation fears cause a massive selloff in what is a very sensitive stock market index.
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The S&P 500 has sold off quite drastically during the trading session on Wednesday to reach down towards the 50-day EMA.
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Gold markets fell hard during the session on Wednesday as inflation numbers in the US saw quite a bit of destruction in some of the risk appetite the traders have been willing to take on.
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