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 DAX fell initially during the trading session on Thursday, breaking below the €13,100 level.
The USD/JPY has been somewhat back and forth during the trading session on Thursday against the Japanese yen, as we are waiting for the jobs number coming out of the United States.
The AUD/USD has fallen significantly during the trading session on Thursday as we continue to see a lot of negativities.
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The EUR/USD has drifted a little bit during the trading session on Thursday as we continue to see a lot of negativities.
The British pound has broken down during the trading session, even though the Bank of England raised interest rates.
The BTC/USD market has risen slightly during the trading session on Thursday, as we are sitting on top of the 50-Day EMA.
The price of the Turkish lira stabilized.
The Dow Jones Industrial Average slipped down during its recent trading at the intraday levels, recording losses for the third consecutive session, by -1.55%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Wednesday, to record slight daily losses until the moment of writing this report.
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I expect that the results of the US Federal Reserve meeting will have a strong reaction on the markets.
The recent downward pressures pushed the GBP/USD towards the 1.1393 support level at the time of writing.
The US dollar strengthened in the hours following another big US interest rate hike and a clear message from Bank Governor Jerome Powell that further hikes were necessary to bring down inflation.
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The strong US dollar’s momentum from the Federal Reserve’s announcement yesterday contributed to the evaporation of the first rebound gains for gold XAU/USD.
The USD/TRY remains in a bullish trend which has the feeling of an impossible direction to defeat; yesterday’s slight selling pressure was met by a swift stronger reversal higher.
The USD/SGD has mirrored other major currency pairs in the past twelve hours, after a wave of selling was stopped by U.S Fed policy rhetoric and a reversal higher ensued.