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 US dollar made an attempt to rally during Wednesday's trading session but quickly gave back its gains.
During Wednesday's trading session, the S&P 500 attempted to rally but quickly gave up its gains due to the prevailing negativity in the market.
For four trading sessions in a row, every time the bulls try to push the USD/JPY currency pair to cross the resistance barrier at 136.92, its highest in two months, it is exposed to profit-taking sales.
During Wednesday's trading session, the West Texas Intermediate Crude Oil market initially experienced a slight surge.
During Wednesday's trading session, the GBP/JPY showed a lot of volatility and noisy behavior.
During Wednesday's trading session, silver attempted to rally and demonstrate strength following a bullish session on Tuesday.
During Wednesday's trading session, the AUD/USD initially pulled back to the 0.67 level, an area that has seen support a few times in the past.
The British pound has experienced a slight rally, touching the 50-Day EMA, which is right at the 1.21 level, an area that has been important more than once.
The British pound remained in a tight range after the latest statement by Bank of England’s (BoE) governor, Andrew Bailey.
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The pair has moved below the key support at 23,968, the lowest point on February 20th.
The Euro has experienced a significant rally during trading on Wednesday, reaching above the 50-Day EMA (Exponential Moving Average).
The Australian dollar moved sideways as short-term bond yields continued rising and after mixed Aussie economic numbers.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD traded at its low for the week on Monday near the 1.35325 ratio, this before reversing higher on Tuesday before the ‘growth’ numbers.
My EUR/USD signal on 21st February was not triggered, as there was no bullish price action when the support level at $1.0662 was first reached.
The gold markets rallied during Wednesday's trading session, reaching towards the 50-Day EMA.