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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Silver showcased a remarkable rally in Tuesday's trading session, surpassing the crucial 200-Day Exponential Moving Average with notable speed.
The NASDAQ 100 rallied significantly during the trading session on Tuesday, as it looks like the NASDAQ 100 is ready to continue going higher.
In Tuesday's trading session, the British pound initially attempted to rally against the Japanese yen but ultimately surrendered its gains.
In Tuesday's trading session, the British pound continued its consolidation, maintaining its position above a crucial support level.
New hints from European Central Bank policy officials confirm that the bank is determined to continue tightening its policy, which supported new gains for the EUR/USD currency pair.
The recent upward rebound attempts of XAU/USD gold price failed, as its gains did not exceed the resistance level of $1937 an ounce.
In the recent trading sessions, the price of the GBP/USD currency pair moved in very narrow ranges that are prominent on the daily chart below.
According to recent trading, the Japanese yen has resumed its downward trend.
The West Texas Intermediate Crude Oil market experienced an initial decline in Tuesday's trading session but found support at lower levels, leading to a relatively stable market.
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During Tuesday's trading session, natural gas markets experienced a slight pullback as the significant resistance level at $3.00 continues to exert its influence.
On Tuesday, the gold market experienced a back-and-forth trading session, displaying signs of strength within a narrow range.
Recently, the euro experienced a downward movement toward the 50-Day Exponential Moving Average before displaying signs of a potential rebound.
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Sign up to get the latest market updates and free signals directly to your inbox.During Tuesday's trading session, the AUD/USD initially surged higher but subsequently retraced its gains, reflecting a sense of hesitation in the market.
The GBP/USD was flat on Wednesday as investors reacted to the strong US consumer confidence and housing numbers.
The EUR/USD pair continued rising after the relatively hawkish statement by Christine Lagarde, the European Central Bank (ECB) chair.