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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It has been a busy week for the GBP/USD pair as the US and UK published the latest consumer and producer inflation data.
The EUR/USD exchange rate is loitering near the highest point since September 1st as traders reflected on key US economic data.
Bitcoin price staged a strong comeback in the overnight session as demand for the coin continued.
The Turkish currency stabilized during early trading today, as the USD/TRY pair traded near its highest levels ever.
The USD/JPY displayed a slight retreat during the Tuesday session, casting doubt on its ability to achieve a decisive breakout above the recent highs.
The EUR/USD showed signs of strength early on Tuesday as it approached a critical technical indicator, the 200-Day EMA.
The gold market is currently hovering around the 38.2% Fibonacci level, reflecting the ongoing struggle to gather enough momentum for a significant move upwards.
The British pound witnessed a substantial rally during Tuesday's trading session, surging towards the 200-Day Exponential Moving Average shortly after the release of CPI numbers from the United States.
The British pound displayed a remarkable rally during Tuesday's trading session, surpassing the ¥187 threshold.
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Gold futures recorded their biggest gain in a single session in nearly a month, after the US inflation reading came in below expectations in October.
The GBP/USD, rose to the highest level in two months, with gains that extended towards the 1.2505 level and stabilized around the 1.2480 level at the time of writing the analysis.
The price of the USD/JPY currency pair continued to rebound and nearly touched its highest level in October 2022 at the resistance level of 151.94.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD pair jumped to a two-month high of 1.0887 on the back of lower-than-expected US inflation data and improving German sentiment.
Silver experienced an early rally during Tuesday's trading session, with the hammer pattern from the previous Monday session appearing to lend support to the market.
Natural gas markets displayed a modest rally during Tuesday's trading session, with a significant technical indicator, the 200-Day EMA, situated just above the current levels.