The GBP/JPY has taken a bit of a hit in Wednesday's trading session, as it broke below the ¥170 level again.
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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In Wednesday's trading session, the gold markets initially pulled back but showed a significant amount of resiliency, with buyers continuing to flock to the asset.
The EUR/USD has had a strong rally in Wednesday's trading session, amidst a lot of noisy behavior in the market.
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The WTI Crude Oil market took a big hit in Wednesday's trading session, as the market starts to price in just how bad the global recession could be.
The AUD/USD has had a bit of a rollercoaster ride in recent trading sessions, as traders eagerly await the Federal Reserve announcement.
The GBP/USD pair moved sideways after the Federal Reserve decided to hike interest rates on Wednesday.
The EUR/USD price jumped to the highest point in months after the latest interest rate decision by the Federal Reserve.
The Australian dollar reacted mildly to the interest rate decision by the Federal Reserve.
My previous USD/JPY signal on 8th March produced a losing long trade from the bullish rejection of the support level at ¥136.53.
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We expected that the GBP/USD price gains would remain a target for selling recently.
The price of the EUR/USD currency pair was exposed to selling operations with losses that affected the support level 1.0942, and returned at the beginning of trading today, Wednesday.
Before announcing an update on the monetary policy decisions of the US Federal Reserve today, the USD/JPY currency pair was sold
During yesterday's trading, gold futures returned to stabilize above the psychological resistance level of $2,000 an ounce
The TRY/USD stabilized during early Wednesday trading, where it traded near its lowest levels ever against the US dollar, which the pair recorded yesterday.
The USD/BRL finished yesterday’s trading near the 5.0360 ratios and continued to move in a rather tight range that has been part of the currency pair’s speculative ‘air’ the past couple of weeks.