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 has rallied a bit during the trading session again on Wednesday as we continue to see the Japanese yen get crushed.
Although the day was not necessarily overly negative, it is worth noting that the NASDAQ 100 formed an inverted candlestick rain and a previous support level.
The S&P 500 e-mini contract continues to destroy accounts, as it is just simply chopping around wildly at the latest rumor.
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The Dow Jones Industrial Average consolidated its gains with its recent trading at intraday levels, to achieve gains for the second day in a row by 1.12%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled lower in early trading on Wednesday, to achieve slight gains until the moment of writing this report.
Since the start of trading today, the price of gold (XAU/USD) has not changed much and is settling around the level of $ 1647 an ounce at the time of writing the analysis.
USD/JPY took another step towards the closely watched 150 historical psychological resistance level, keeping investors on high alert for potential intervention to support the Japanese currency.
The strong movement of the British pound came to a trembling halt in recent trading sessions, after some new uncertainty in the UK bond markets.
After the continuation of risk appetite and a temporary halt to the sharp gains of the US dollar the price of the currency pair EUR/USD is still reacting positively.
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Although the NZD/USD has managed to gain in past handful of trading days, it remains within the lower spectrum of its long term technical values.
The USD/CAD is trading near the 137575 mark as of this writing.
The GBP/USD price continued consolidating as the market waited for the upcoming UK consumer inflation data.
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The EUR/USD price drifted higher on Wednesday morning as investors focused on the falling volatility and the upcoming European inflation data.
The AUD/USD price remained in a tight range remained in a consolidation phase after the Reserve Bank of Australis (RBA) published the latest minutes.
Crypto markets have become lifeless and boring, with low volatility and little directional price movement.