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 West Texas Intermediate Crude Oil market fell a bit during the trading session on Wednesday again as there are a lot of concerns about growth.
The British pound rallied initially during the trading session on Wednesday but gave back the gains as the market has shown itself to be susceptible to a few words from Federal Reserve Vice Chair Richard Clarida.
The euro rolled over during the trading session on Wednesday as Federal Reserve Vice Chair Richard Clarida was more hawkish than anticipated.
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Since the start of this week's trading, the price of the euro against the dollar EUR/USD has been moving in a narrow range between the support level of 1.1853 and the resistance level of 1.1897.
The bears completed the last downside path of the USD/JPY currency pair, as they succeeded in breaching the important support level 108.88.
Gold prices returned to stability around the $1808 support level for an ounce, in waiting mode until investors interact this week with the announcement of monetary policy decisions by the Bank of England.
The performance of the pound sterling against the rest of the other major currencies will depend first on the reaction of the monetary policy decisions of the Bank of England, which will be tomorrow.
The USD/CAD created short-term highs yesterday, but a reversal lower this morning highlights the rather choppy conditions the Forex pair has demonstrated the past week.
The USD/MXN has seen a tight range displayed the past week as its price band has gyrated rather methodically as support and resistance levels have remained stable.
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ADA/USD has turned lower after testing short-term highs in early trading yesterday, support levels are clearly within sight and traders should expect more volatility.
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ETH/USD has turned in a volatile performance after hitting short-term highs a few days ago, and then being confronted by headwinds which serve as bearish reminders.
The euro initially tried to rally during the trading session on Tuesday but gave back the gains again as we approached the 1.19 handle.
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Sign up to get the latest market updates and free signals directly to your inbox.The British pound initially rallied during the session on Tuesday but then turned around to fail as we have seen this market chop back and forth.
The question now is whether or not we can recover after this most recent selloff.
The S&P 500 pulled back ever so slightly during the trading session on Tuesday but then turned around to show signs of resilience.