There was a strong offer on the US dollar at the beginning of the first London session of 2023, as both the euro and the pound sterling lost a lot.
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 Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve gains in its last sessions by 0.40%, gaining about 133.40 points.
The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Wednesday, as we have sliced through the $75 level
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The USD/MXN is trading near the 1.36000 ratio as of this writing with rather a quick price movement as the currency pair continues to react to questions regarding fundamental outlooks.
The US dollar has been on the ropes for a while, but over the last week or 2 we have seen it stabilize near the 104 level.
As of this writing Gold is trading near the 1847.00 mark, this after attaining the 1865.00 ratio on early Wednesday.
The USD/CAD has fallen rather hard, losing over 1% for the session.
The silver market has rallied a bit during the trading session on Wednesday, as we continue to struggle with the idea of being above the $24 level.
Gold markets had been forming a bit of a rising wedge, but we’ve broken above the top of it during the session on Wednesday.
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The USD/JPY bounced a bit during the trading session on Wednesday, as we continue to see the market trying to defend the ¥130 level.
The AUD/USD shot higher during the trading session on Wednesday but is starting to struggle again, as it looks like we are at the top of the trading range, and the up-trending channel.
The Nifty 50 has pulled back a bit during the trading session on Wednesday to go down to the ₹18,000 level.
The GBP/USD rallied a bit during the trading session on Wednesday to reach the 200-Day EMA.
The EUR/USD has rallied a bit during the trading session on Wednesday, as we await the FOMC Meeting Minutes.
My previous GBP/USD signal on 29th December was not triggered, as there was no bearish price action when the price first reached the resistance level which I had identified at $1.2052.