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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Gold futures settled higher, but lacked the momentum to keep going and the price stopped at $1765 as of this writing.
With the energy crisis plaguing the British economy, the British pound remained lower than the rest of the other major currencies.
The European energy crisis and expectations that the US Federal Reserve's policy will be tightened ahead of ECB policy continue to weaken the performance of the EUR/USD.
The USD/JPY pair has been trying to break through the 112.00 psychological resistance again, which strengthens the current bullish outlook for the pair.
Cardano has seen a sudden spike emerge in trading this morning and it is testing short-term highs as volatility has flourished.
BTC/USD has managed to create a powerful upwards climb that is brushing aside resistance levels with bold upward strokes in value.
The USD/CAD continues to produce choppy conditions, but the Forex pair has been able to create a fairly consistent bearish trend the past few weeks.
The USD/INR moved higher in the past day of trading and its price velocity has seen an increase in volatility as mid-term highs are being tested.
The West Texas Intermediate Crude Oil market initially tried to rally on Wednesday but gave back gains near the $80 level.
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The Norwegian krone is currently hovering around 8.75 against the greenback, after initially trying to rally on Wednesday.
The FTSE 100 was all over the place on Wednesday, breaking down through the recent consolidation area and smashing below the 7000 level quite rapidly.
The S&P 500 fell significantly on Wednesday but found support just above the 4250 level yet again.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 fell rather significantly on Wednesday as we continue to hear a lot of noise when it comes to the stock markets in the United States.
Gold markets fell significantly to kick off Wednesday, but just as we have seen all week, the $1750 level continues to offer support, as buyers come back in and push gold higher.
The Australian dollar fell a bit on Wednesday to reach down towards the 0.70 level before turning around.