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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Throughout this week's trading, the price of the USD/JPY currency pair is in a strong upward retracement path, benefiting from the Japanese central bank maintaining its negative interest policy, while the US dollar continued to tighten the US Federal Reserve's policy.
The continuation of the gains of the US dollar brings more losses to the gold price, which affected the support level of $1931 an ounce, at the time of writing, which is the lowest price in three weeks.
Sterling pairs, without exception, are cautiously watching the reaction to today's Bank of England announcement.
The stability of the price of the EUR/USD currency pair remains below the 1.1000 level, which supports more bears' control over the trend.
The US dollar pair stabilized against the lira, trading near new all-time highs.
The USD/TRY has continued to produce a solid speculative trading landscape, and its recent consolidation makes the currency pair intriguing for quick-hitting wagers.
The USD/ARS continues to spin out of control and the bullish trend of the currency pair is showing no ability to slow.
The GBP/USD price continued retreating as the market reacted to the US credit rating downgrade and the upcoming Bank of England (BoE) decision.
The EUR/USD pair continued falling as investors embraced a risk-off sentiment after Fitch downgraded US credit rating from AAA to AA+.
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Bitcoin price continued wavering as open interest, volume, and volatility declined.
May find support confluent with big round number at $0.6500.
The recent weeks have witnessed a remarkable upward trend in the West Texas Intermediate (WTI) Crude Oil market.
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The US dollar experienced a slight pullback during Wednesday's trading session but found support around the ¥142.50 level
Traders are closely monitoring the ¥180 level, a critical support area that has witnessed significant noise and activity in the past.