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 AUD/USD experienced a roller-coaster ride during Friday's trading session, leaving investors puzzled about its future trajectory.
The GBP/USD exchange rate has bounced back in the past three days as the recent sell-off takes a breather.
Bitcoin price has done well in the past two weeks even as risks in the financial market continued.
The AUD/USD exchange rate rebounded sharply as the US dollar index (DXY) retreated.
Stock markets rose this week despite turbulence in the bond markets and expectations of higher US rates, while the US Dollar ended the week almost unchanged.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of October 8th, 2023 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
In the early hours of Thursday's trading session, the S&P 500 exhibited limited activity, hovering around a pivotal point—the 200-Day Exponential Moving Average.
In recent times, natural gas markets have exhibited a persistent bullish streak, with a strong determination to break through the resistance barrier hovering around the $3.00 mark.
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In the recent trading session, the euro attempted a rally, only to retract some gains almost immediately.
Crude oil markets exhibited some signs of recovery during Thursday's trading session as the oversold condition of oil attracted value-seeking investors.
The British pound faced initial declines against the Japanese yen on Thursday but managed to find a lifeline in the form of underlying support, preventing a deeper plunge.
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The silver market remains in a state of high volatility, characterized by choppy movements within the same price range observed over the past few days.
In recent trading, gold markets experienced some initial attempts at a rally on Thursday.