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 silver market has rallied a bit during the trading session on Wednesday, as we continue to struggle with the idea of being above the $24 level.
Gold markets had been forming a bit of a rising wedge, but we’ve broken above the top of it during the session on Wednesday.
The USD/JPY bounced a bit during the trading session on Wednesday, as we continue to see the market trying to defend the ¥130 level.
The AUD/USD shot higher during the trading session on Wednesday but is starting to struggle again, as it looks like we are at the top of the trading range, and the up-trending channel.
The Nifty 50 has pulled back a bit during the trading session on Wednesday to go down to the ₹18,000 level.
The GBP/USD rallied a bit during the trading session on Wednesday to reach the 200-Day EMA.
The EUR/USD has rallied a bit during the trading session on Wednesday, as we await the FOMC Meeting Minutes.
My previous GBP/USD signal on 29th December was not triggered, as there was no bearish price action when the price first reached the resistance level which I had identified at $1.2052.
The EUR/USD exchange rate rose slightly after the relatively encouraging European inflation data and after the latest Fed minutes.
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The BTC/USD price held steady slightly below the psychologically important resistance level of 17,000 after the Fed published minutes of the past meeting.
The AUD/USD price drifted downwards after some positive signs about the Australian economy.
The exchange rate of the euro against the dollar, EUR/USD, entered the new year 2023 in full swing, during a strong downward momentum.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold futures appeared to start 2023 well by testing the $1850 resistance.
The GBP/USD exchange rate entered the new year 2023 with a strong foothold above the 1.20 level.
The TRY/USD has stabilized against the dollar near its all-time lows, which were recorded at the end of last year.