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 WTI Crude Oil market was volatile during Wednesday's trading session, attempting to rally before losing its gains and struggling with resistance from the 50-Day EMA.
The GBP/USD rallied during the early hours of Wednesday, as the market bounces around in the same 100-point range.
The S&P 500 had a negative session early on Wednesday, sitting around the 4100 level.
Silver has shown a bit of bullish pressure during the trading session on Wednesday, consolidating near the $25 region.
The EUR/USD pair jumped to the highest point since March 2022 as concerns about the banking sector continued.
Price may be set to retest $30k area.
The GBP/JPY initially pulled back during Wednesday's trading session, testing support underneath the 165 level.
The EUR/USD has rallied slightly during Wednesday's trading session, attempting to reach above the 1.1050 level.
The AUD/USD has been on a downward trend lately, as the global economy slows down.
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The price of the TRY/USD has stabilized, near its lowest level ever, during early trading on Wednesday morning.
Investors' fears about the future of Chinese economic growth coincided with expectations of a recession in the US economy, which increased the appetite of investors and markets to buy safe-havens.
The return of investors to buy safe havens helped XAU/USD (gold) prices to return to timidity to test the $2003 resistance an ounce.
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Since the start of this week’s trading, the price of the euro currency pair against the US dollar, EUR/USD, tried to maintain its gains above the psychological resistance of 1.1000.
The USD/BRL has traded in an extremely tight price range the past week as financial houses seemingly are content with the current price equilibrium.