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 positive performance of the US dollar currency pair against the Japanese yen USD/JPY culminated yesterday in obtaining a strong and positive momentum for the US dollar.
The Dow Jones Industrial Average slid down during its last trading on intraday levels, to incur sharp losses by -1.72%, to lose about -574.98 points,
Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Wednesday, achieving slight daily gains until the moment of writing this report, by 1.02%.
The British pound experienced a back and forth trading session on Tuesday as it struggled to pick up momentum
Gold markets have been struggling lately, and this Tuesday was no exception.
The USD/CAD is trading near the 1.37600 ratio as of this writing, the currency pair has traded above the 1.37700 level earlier in the morning.
The US dollar is expected to continue its upward momentum against the Japanese yen in the near term, according to recent market analysis.
The GBP/USD initially tried to rally during the trading session on Tuesday but eventually showed signs of hesitation.
The Australian dollar fell sharply during the trading session on Tuesday and is now well below the 0.67 level.
Bonuses & Promotions
Throughout Tuesday's trading session, the West Texas Intermediate Crude Oil market experienced a back-and-forth movement as it continues to consolidate.
On Tuesday, silver experienced a significant fall in value due to the negative correlation between the US dollar and silver.
The EUR/USD currency pair tried to rally on Tuesday but failed near the 1.07 level, which is a large, round, psychologically significant figure.
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Sign up to get the latest market updates and free signals directly to your inbox.U.S Federal Reserve Chairman Jerome Powell essentially dumped cold water on the short-term hopes for a weaker USD yesterday.
The S&P 500 index faces a challenging trading environment, struggling to rally past key resistance levels.
The US dollar has rallied rather significantly as Jerome Powell reiterated the need to stay “tighter for longer” by the Federal Reserve in front of Congress.