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 NZD/USD downwards trajectory continues to test the willpower of technical traders as financial institutions have produced new long-term lows amidst obvious nervous sentiment.
The USD/ILS has displayed the ability to challenge long-term lows as behavioral sentiment in financial institutions has taken on improved perspectives and the new price realm is getting tested.
The DAX hovers near 20,500 resistance, with pullbacks likely providing buying opportunities as ECB policy supports a bullish outlook.
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Ethereum nears $3,600 support, eyeing the 50-day EMA, as Bitcoin's struggle at $100K hinders broader crypto momentum.
Silver rises toward $32.35 resistance, with CPI data expected to shape its trajectory as bulls eye the $35 level.
The GBP/USD pair remained in a tight range on Wednesday morning as traders waited for the upcoming US inflation data.
The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned.
The big round number is a major pivotal point, strong US CPI data today might cause a bearish breakdown below this level in line with the long-term trend.
The AUD/USD pair continued its downtrend after the Reserve Bank of Australia (RBA) left interest rates unchanged as was widely expected.
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During my daily analysis of the USD/JPY pair, we broke above the crucial ¥152 level, an area that of course is rather important.
During my daily analysis of the major currency pairs around the world, the USD/CHF pair has captured my attention as we have seen a fairly significant bounce during the trading session on Tuesday.
In my daily analysis of exotic currency pairs, the USD/MYR currency pair has caught my attention as we are sitting between 2 of the biggest moving averages that traders follow.
In my daily analysis of the GBP/JPY pair, we have seen a lot of strength coming out of the British pound, or perhaps more to the point, we have seen a lot of weakness coming out of the Japanese yen.
During my daily analysis of Bitcoin, the first thing I noticed is that we of course are dropping again, and it looks like the $100,000 level will continue to see a lot of selling pressure.
Gold stabilizes near $2,658, supported by geopolitical tensions and safe-haven demand, with bulls targeting $2,700 resistance.