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 Wednesday trading session witnessed Bitcoin experiencing a noticeable decline, settling just above the critical $40,000 level.
The AUD/USD experienced a notable decline during Wednesday's trading session, gravitating towards the 50-Day Exponential Moving Average, coinciding with the key 0.65 level.
The GBP/USD exchange rate drifted downwards after the weak UK GDP data and the Federal Reserve decision.
The EUR/USD pair drifted upwards after the relatively dovish Federal Reserve decision.
Bitcoin price bounced back after the encouraging Federal Reserve decision.
The AUD/USD pair surged as signs of Federal Reserve and Reserve Bank of Australia (RBA) divergence emerged.
Recently, the US dollar rose in response to the release of US inflation data for November, which showed an increase of 0.1% on a monthly basis in the main US consumer price index (CPI).
Since the start of trading this week, the price of the USD/JPY has been trying to rebound higher. Moreover, its gains have not exceeded the resistance level of 146.58 before stabilizing around 145.50 at the time of writing the analysis.
Technically, the price of gold (XAU/USD) attempted to rebound towards the psychological resistance level of $2000 per ounce once again, but the strength of the US dollar prevented it, causing the price of gold to stabilize downward around the $1978 level per ounce at the time of writing.
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Recently, the pound sterling fell against other major currencies after data showed that wages in the UK slowed in October.
Silver exhibited a modest rally in the early hours of Tuesday, hinting at a potential recovery after recent declines.
Gold markets showed resilience during Tuesday's trading session, with a slight rally that caught the attention of investors.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD showed a remarkable surge in Tuesday's trading session.
The USD/JPY embarked on a remarkable journey in Tuesday's trading session, initially experiencing a sharp decline before testing the ¥145 level.
BTC/USD traders experienced a choppy ride in the cryptocurrency market this week, with a significant dip on Monday followed by a modest recovery on Tuesday.