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 GBP/USD began Thursday's trading session with an initial pullback, testing the 50-Day Exponential Moving Average (EMA).
Gold markets experienced an initial decline during Thursday's trading session but managed to reverse course, showing signs of resilience and consolidation.
During Thursday's trading session, the EUR/USD experienced a slight decline, raising questions about the currency's performance.
The euro's exchange rates came under pressure after a batch of less-than-expected data from the euro-zone indicated that pressure to raise interest rates at the European Central Bank was easing.
The GBPUSD exchange rate was at risk of testing fresh multi-week lows after Chinese data boosted demand for the dollar and confirmed expectations of a Federal Reserve hike in US interest rates.
For three consecutive trading sessions, the XAU/USD gold price moved amid a rebound to the upside, with gains that affected the $1975 resistance level
For three consecutive trading sessions, the USD/JPY currency pair is exposed to profit-taking sales
The TRY/USD has stabilized near its lowest level ever, with the accelerating decline of the Turkish currency since the start of the electoral process in the middle of last month.
The USD/JPY is trading near the 139.800 ratios as of this writing.
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The USD/TRY is challenging record highs as financial institutions show a lack of confidence in the aftermath of the reelected Turkish government.
During Wednesday's trading session, the S&P 500 experienced a slight pullback, encountering resistance around the 4200 level.
The WTI Crude Oil market witnessed a significant decline during Wednesday's trading session, as it continues to grapple with challenges.
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Gold markets exhibited indecisiveness during Wednesday's trading session, hovering just below the crucial 50-Day EMA.
During Wednesday's trading session, the euro experienced a slight decline, testing the 200-Day EMA once again.