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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Bitcoin has been very bullish for a while now, although the last couple of days have been a little bit calmer than the ones we've seen previously.
Gold markets rallied rather significantly in the early hours on Wednesday, but as soon as futures traders came on, they got hammered again.
The GBP/USD exchange rate moved sideways on Thursday morning.
The EUR/USD pair continued its downward trend on Wednesday morning.
Bitcoin price lost momentum as concerns about regulations in the US continued.
According to the performance in the forex market, the British Pound has shown more flexibility against the Euro and the US Dollar, with the probability of interest rate cuts in June reaching 80%.
As mentioned before, the upward trend for the USD/JPY pair will remain intact.
Amid a holiday-dominated trading week with only the Fed's favorite inflation reading to watch, the EUR/USD currency pair is moving in tight ranges with a bearish bias.
Despite the holidays, low liquidity, and wait-and-see mode, gold prices moved to the historical psychological resistance level of $2200 per ounce during yesterday's trading before stabilizing around $2178 per ounce at the start of a very quiet trading day.
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As you can see, the NASDAQ 100 has shown itself to be somewhat dead money over the last couple of days as we are trying to sort out what to do next.
Silver has gone back and forth during the trading session on Tuesday, as we continue to hang around the $24.50 level.
The USD/CAD is near the 1.35935 price as of this writing and continues to show an ability to incrementally climb higher.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 was a bit choppy early during the trading session on Tuesday as we continue to look to the upside.
Bitcoin seemed a bit stagnant during the early hours on Tuesday after shooting straight up in the air on Monday.
The NZD/USD has continued to incrementally linger near lows and signal that bearish behavioral sentiment remains the dominant force within the currency pair.