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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After hitting a high yesterday that almost matched a value made on the 11th of October, the NZD/USD has pulled back and is now trading at levels seen around the 6th of November.
The USD/BRL has correlated well with global Forex; a swift decline on Tuesday was met with sustained lower value.
Crude oil markets observed a decline in Wednesday's trading session, as the overarching concerns about the state of the economy persist.
The USD/JPY experienced a substantial upswing against the Japanese yen in the trading session on Wednesday, reflecting the ongoing volatility in the market.
The NASDAQ 100 initially rally during the trading session as it look like Wednesday was going to be more of the same that we had seen during the Tuesday session.
The GBP/USD had a slight retracement in the midst of Wednesday's trading session, reflective of the persistent turbulent activity in the market.
The recovery of the US dollar and profit-taking selling were factors that helped in a downward correction for the price of gold XAU/USD towards the level of 1955$.
Recently, EUR/USD had rallied to the 1.0888 resistance level, its highest since February, supported from data.
The S&P 500 exhibited overnight gains as traders increasingly bet on the Federal Reserve's reluctance to raise interest rates further.
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The GBP/USD retreated to the support level of 1.2403 after lower-than-expected UK inflation figures and is stabilizing around the 1.2413 level at the start of the Thursday session.
The silver market displayed a modest rally during Wednesday's trading session, once again testing recent highs.
Recently, the USD/JPY pair reached the resistance level of 151.38 after selling in the middle of the week reached the level of 150.04.
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Sign up to get the latest market updates and free signals directly to your inbox.The natural gas market experienced a modest rally during Wednesday's trading session, continuing the trend of heightened volatility that has characterized recent trading.
The gold market experienced a rollercoaster ride during Wednesday's trading session.
The EUR/USD had a mixed performance during Wednesday's trading session, reflecting the ongoing uncertainty in the currency markets.