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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In Wednesday's trading session, the EUR/USD made another attempt to gain ground but encountered persistent challenges, reinforcing the prevailing negativity in the market.
The GBP/USD pair continued its downtrend as the US dollar continued its comeback.
The EUR/USD exchange rate continued its downward trend ahead of the upcoming European Central Bank (ECB) interest rate decision.
The Australian dollar continued its strong sell-off even after the strong consumer inflation data.
Bitcoin continues to be strong as ETF approval draws closer.
The price of the lira varied against the US dollar during early trading on Wednesday morning, as the Turkish currency stabilized near its lowest level ever against the US dollar.
The USD/CAD initially pulled back just a bit during trading on Tuesday.
The USD/JPY started on a shaky note, displaying signs of weakness.
In the recent trading session, the British pound made an initial attempt to rally against the Japanese yen.
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Recently, the price of gold XAU/USD experienced selling pressure yesterday, reaching the support level of $1953 per ounce after gains earlier in the week.
In the recent trading session, the British pound made an attempt to rally against the US dollar, but gains were short-lived as it retraced near the crucial 1.23 level.
After attempts to rebound higher, the EUR/USD currency pair returned to stability on its broader downward path around less than the 1.0600 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Crude oil markets experienced an interesting start to the trading session on Tuesday as they gapped higher, only to later encounter significant volatility.
The recent performance of the GBP/USD currency pair confirms our technical view, which recommends selling the GBP/USD from every rising level.
The currency pair US Dollar against the Japanese Yen (USD/JPY) is closest to testing the psychological resistance of 150.00 nearby.