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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Natural gas markets displayed a notable rally on Wednesday, primarily driven by the anticipation of colder temperatures arriving in the northeastern United States.
Silver has been experiencing significant price fluctuations lately, displaying considerable volatility.
The USD/CAD has initially fallen again during the trading session on Wednesday, but then turned around to show some signs of life around the 1.32 level.
The Bank of Japan's (BoJ) policy shift towards near-term tightening and the abandonment of negative interest rates is continuing to drive strong and sharp gains for the Japanese yen against other major currencies.
The continued pressure on the US dollar allowed bulls in the GBP/USD pair to rebound higher, reaching the 1.2816 resistance level, the highest for the pair in four months.
The USD/JPY remained relatively subdued during Wednesday's trading session, with the ¥142.50 level exerting a notable gravitational pull on prices.
Despite weak liquidity and the absence of major economic releases for a very short trading week due to the holidays.
Recent price action suggests bearish topping out.
Despite the holidays, weak liquidity, and the absence of major economic releases, the price of gold (XAU/USD) remained on an upward momentum with gains extending to the resistance level of $2,088 per ounce, close to the record high of $2,135 per ounce set by the yellow metal.
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The S&P 500 market exhibited a degree of stagnation in Wednesday's trading session, primarily due to the persistent resistance encountered at the 4800 level.
During the Wednesday session, gold has been choppy.
Crude oil markets experienced a slight retracement in Wednesday's trading session, dipping below short-term support levels before witnessing a resurgence of buyer interest.
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The GBP/USD exchange rate rally gained steam on Thursday morning in a low-volume environment.
The EUR/USD price made a bullish breakout as the US dollar index continued its downtrend.