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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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
During Thursday's trading session, the US dollar initially retreated but eventually demonstrated strength against the Japanese yen.
The GBP/USD has encountered a decline as the latter exhibits strength.
During Thursday's trading session, the British pound faced resistance near the ¥180 level against the Japanese yen.
The AUD/USD witnessed a significant surge during the overnight session, propelled by better-than-expected employment figures.
Silver experienced a rally in early trading on Thursday, showing signs of upward movement.
The markets continue to see a lot of position building, and this is an opportunity to pick up prices later, as we are building a large base.
The NASDAQ 100 has pulled back the trading session on Thursday, as we have seen gravity come back into the picture.
Gold markets witnessed a slight pullback on Thursday, taking a breather after a period of bullish pressure.
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The EUR/USD has recently experienced a modest rally, surpassing the 1.1250 level.
The USD/TRY stabilized, near its highest level ever, during early trading on Thursday morning.
During yesterday's trading session, the price of the euro currency pair against the US dollar, EUR/USD, was exposed to limited selling operations that pushed it towards the 1.1175 level.
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Since the start of trading this week, the price of the USD/JPY currency pair has been trying to compensate for losses due to the weakness of the expectations of the US interest rate hike.
Gold futures settled at their highest levels in about six weeks, driven by expectations that the US Federal Reserve is close to ending the cycle of quantitative tightening.