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 US dollar's recent behavior against the Japanese yen underscores the intricate dynamics at play in the currency markets.
Will the index's upward trajectory endure, or will it confront the possibility of reversals in the days ahead?
The natural gas market displayed signs of stabilization during Friday's trading session, aiming to recover from the substantial sell-off witnessed on Thursday.
In recent days, silver has once again asserted its reputation for volatility, sparking spirited discussions among traders and investors.
WTI Crude Oil market's recent movements highlight the intricacies of the energy sector.
The EUR/USD finished near a value of 1.09445 going into the weekend.
The start of trading last week in the GBP/USD produced rather calm trading waters, but on Thursday volatile waves caused choppiness as U.S and U.K data hit speculators.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of August 13th, 2023 here.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Thursday's trading session witnessed the USD/JPY resolute ascendancy as it surpassed the ¥142.50 level, edging towards ¥143.50 against the Japanese yen.
Silver's recent price fluctuations have highlighted its inherent volatility, evident in Thursday's trading session, which showcased an initial attempt at decline followed by a subsequent recovery of gains.
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The gold market has consistently proven to be a challenging terrain, especially amidst the backdrop of heightened volatility.
In the latest trading session, the EUR/USD displayed a modest rally, finding support in a bounce from the 50-Day Exponential Moving Average.