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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A state of instability and caution dominates the performance of the USD/JPY exchange rate since the start of this important and exciting week's trading.
Despite the recent attempts to rebound to the top of the GBP/USD currency pair, with gains towards the 1.2285 resistance level, it was subjected to quick selling operations.
The Dow Jones Industrial Average advanced during its recent trading on the intraday levels, to achieve gains in its last sessions and for the second day in a row, by 0.98%.
Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Wednesday, recording daily losses until the moment of writing this report, by -3.01%.
The price of the TRY/USD has stabilized near an all-time low.
The euro has rallied against the Japanese yen during the trading session on Tuesday, breaking above the ¥142 level.
The Australian dollar experienced a slight pullback against the US dollar during Tuesday's trading session.
The USD/JPY currency pair experienced a modest rally, reaching towards the ¥132.50 level, which is the top of the range from the previous session.
The Nifty 50 in India has rallied ever so slightly during the trading session on Tuesday.
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During the trading session on Tuesday, gold markets fell slightly, pulling back from the psychologically significant $2000 level.
Traders of the USD/JPY have had the ability to watch a rather consolidated handful of calm results in one of the world’s most sophisticated Forex pairs.
The USD/CAD is near the 1.37075 level as of this writing, this as the broad Forex market anticipates the U.S Federal Reserve’s FOMC Statement later today.
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Sign up to get the latest market updates and free signals directly to your inbox.My EUR/USD signal on 14th March was not triggered, as there was no sufficiently bearish price action when the resistance level at $1.0747 was first reached.
During Tuesday's trading session, the S&P 500 experienced a rally that broke above the 50-Day EMA and the 200-Day EMA indicators.
Silver, like many other assets, is heavily influenced by macroeconomic factors, especially those related to the US dollar, interest rates, and economic growth.