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 USD/JPY embarked on a rally during Tuesday's trading session, indicating a readiness for further ascent.
Tuesday witnessed a dip in the silver market, leaving traders in a state of uncertainty as they grapple with the metal's overall direction.
The natural order of indices is to go higher over the longer term, although Tuesday did feature a bit of a short-term pullback.
The GBP/USD commenced Tuesday's trading session with an attempt to rally, only to relinquish its gains, indicating a potential further decline.
The AUD/USD, like a roller coaster, displayed a volatile performance during Tuesday's trading session.
Short-term direction looks uncertain but bearish pressures appear greater overall.
The GBP/USD pair was flat on Wednesday morning ahead of the latest economic data from the UK and the US.
The EUR/USD will be a bit volatile on Wednesday and Thursday as traders react to important events from the US and Europe.
The AUD/USD pair was flat on Wednesday morning as the market waited for important economic numbers from the United States, Australia, and China.
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At the beginning of this week, the price of the EUR/USD pair stabilizes in a narrow range between the level of 1.0698 and the level of 1.0759
With a temporary halt to the gains of the American dollar, the price of gold XAU/USD tried to rebound upwards,
With the yen performing as one of the worst performing currencies in the world, could this change things?
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Sign up to get the latest market updates and free signals directly to your inbox.At the beginning of trading, the exchange rate of the GBP/USD currency pair was moving in a narrow range with its downward slope between the 1.2460 support level.
The USD/SGD produced a solid reversal lower yesterday, but early trading today has been sideways as cautious sentiment continues to be demonstrated in global markets.
The USD/CAD is trading near the 1.358000 mark as of this writing, after opening yesterday’s market session around the 1.36400 level.