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
During early trading on Wednesday, the silver market experienced a significant downturn due to the strengthening of the US dollar.
During Wednesday's trading session, gold markets experienced further declines, nearing the lower end of recent support levels.
During Wednesday's trading session, the GBP/USD initially attempted to rally but eventually relinquished its gains.
The GBP/JPY showcased an early rally during Wednesday's session but displayed signs of hesitation as the market awaits clarity on risk appetite.
The GBP/USD price drifted upwards after the latest UK consumer price index (CPI) data.
The BTC/USD pair continued rebounding as sentiment in the crypto industry improved.
The AUD/USD pair dropped to its lowest level since June 13th and then quickly rebounded to a high of 0.6800.
My previous EUR/USD signal on 13th June was not triggered, as there was no bearish price action when the price first reached the resistance level identified at $1.0796.
The TRY/USD maintained its stability during trading today, Wednesday, a day before the Central Bank's expected decision on interest rates.
Bonuses & Promotions
The USD/CAD hit a low of nearly 1.31770 on Friday of last week, this came after highs of nearly 1.33525 were seen on Wednesday of last week.
The price of the USD/BRL continues to show bearish sentiment and a low made this past Friday touched the 4.7585 ratio, which had last been seen in early June of 2022.
During Tuesday's trading session, the USD/JPY showcased significant volatility, continuing the trend of noisy behavior.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.On Tuesday, the EUR/USD experienced a back-and-forth trading session, with the currency hovering around the 1.09 level.
During Wednesday's trading session, the GBP/JPY experienced a significant decline against the Japanese yen as the market’s overbought condition was finally challenged.
During Tuesday's trading session, the British pound initially attempted a rally but retraced its gains.