The cluster of support below 0.7696 is likely to be today’s pivotal zone.
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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DOGE/USD remains a source of speculative trading as its value changes continue to produce wild fluctuations.
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Another all-time record value was made by Ethereum in early trading yesterday, but the speeds of ETH/USD price changes are dangerous.
The West Texas Intermediate Crude Oil market initially rallied during the trading session on Wednesday to reach the top of the massive ascending triangle that I have drawn on the chart.
The US dollar initially fell against the Canadian dollar during the trading session again on Wednesday, but as we approach the 1.20 handle, it is obvious that we are starting to run into a bit of support.
The DAX Index went back and forth during the trading session on Wednesday, as we have tested the 15,000 level yet again.
The NASDAQ 100 broke down rather significantly during the trading session on Wednesday as we have seen inflation fears cause a massive selloff in what is a very sensitive stock market index.
The S&P 500 has sold off quite drastically during the trading session on Wednesday to reach down towards the 50-day EMA.
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Gold markets fell hard during the session on Wednesday as inflation numbers in the US saw quite a bit of destruction in some of the risk appetite the traders have been willing to take on.
The Australian dollar broke down significantly during the trading session on Wednesday as inflation numbers in the US came out much hotter than anticipated.
Bitcoin markets initially tried to rally during the trading session on Wednesday but yet again found the market lackluster at best.
The British pound sold off drastically against the US dollar during the trading session on Wednesday as the US CPI numbers came out much hotter than anticipated.
The euro broke down significantly during the trading session on Wednesday as the 1.22 level has continued to show a lot of resistance.
The GBP/USD price retreated after the strong US consumer inflation numbers.