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 went back and forth with a slightly positive tilt on Wednesday against the Singapore dollar.
The S&P 500 pulled back a bit on Wednesday as the 4500 level has proven to be a bit too much to get above.
The euro pulled back just a bit on Wednesday to break below the 1.10 level before turning right back around and recapturing that area.
Bitcoin initially fell on Wednesday to reach down towards the 50-day EMA.
Gold markets rallied a bit on Wednesday to show signs of life as we have broken above the $1930 level.
The West Texas Intermediate Crude Oil market has rallied a bit on Wednesday to break above the top of the candlestick from Tuesday.
The Litecoin market had a back-and-forth session on Wednesday as we are sitting at the 50-day EMA.
Ethereum went back and forth on Wednesday as we are dancing around the $3000 level.
The GBP/USD pair came under pressure even after the UK published strong consumer and producer price index data.
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The EUR/USD pair remained under pressure as investors assessed the statement by the Federal Reserve and ahead of the upcoming flash manufacturing and services PMI.
The AUD/USD pair continued its bullish trend in the overnight session as the US dollar retreat continued.
Prospects for a peaceful settlement in Ukraine have declined significantly this week and is likely to keep the euro under pressure in the near term, analysts say.
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Sign up to get the latest market updates and free signals directly to your inbox.Spot natural gas prices (CFDS ON NATURAL GAS) rose during the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 0.54%.
Gold futures quickly ignored Federal Reserve Chair Jerome Powell's comments on inflation.
Despite the state of risk aversion that dominates the markets with the continuation of the Russian war, the USD/JPY currency pair took a strong and sharp upward path and all currencies moved against the Japanese yen.