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
The US dollar has pulled back just a bit against the Swiss franc during trading on Wednesday, as the 200-Day EMA has caused a little bit of resistance.
The GBP/USD has been quiet during Wednesday's trading session, hovering around the 1.18 level.
The Gold markets have remained relatively subdued during Wednesday's trading session, reflecting the confusion among traders regarding monetary policy.
On Wednesday, the EUR/USD experienced a dip below the 200-Day EMA, which prompted value hunters to take notice.
During Wednesday's trading session, the West Texas Intermediate Crude Oil market fell slightly, reflecting the ongoing back-and-forth nature of the crude oil market.
The US dollar has fallen again during the trading session on Tuesday against the Mexican peso, as we are now breaking through the 18 pesos level.
The AUD/USD has rallied slightly during Wednesday's trading session, but it's more likely an opportunity to sell this pair at the first signs of exhaustion.
The EUR/USD sell-off faded after the second day of Jerome Powell’s testimony in Congress.
Bitcoin and other cryptocurrencies continued retreating as traders embraced a risk-off sentiment after the hawkish Fed statement.
Bonuses & Promotions
The Australian dollar retreated to the lowest level in months as a divergence between the Federal Reserve and the Reserve Bank of Australia (RBA) emerged.
My previous GBP/USD signal on 27th February may have produced a losing short trade from the bearish pin bar at the resistance level which I had identified at $1.2029.
The Kingdom of Saudi Arabia supports the reserves of the Turkish Central Bank by about five billion dollars
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The pound has now tumbled against the dollar for 2023 thanks to the sharp drop in February, and some analysts say further declines below 1.20 are possible over the coming weeks.
The price of gold extended its decline after US Central Bank Governor Jerome Powell said in prepared remarks that the Federal Reserve is ready to increase the pace of raising US interest rates if necessary.