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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Gold markets encountered a significant test as they hovered around the $1960 level, probing a major uptrend line during the recent trading session.
The WTI and Brent oil markets experienced a slight pullback in the recent trading session, testing the top of their respective triangles after breaking out.
The US dollar experienced an initial decline during Thursday's trading session but quickly reversed course, demonstrating signs of strength.
During Thursday's trading session, the British pound showcased a back-and-forth movement, hovering around the critical 1.2350 level.
The British pound faced initial setbacks against the Japanese yen in Thursday's trading session, indicating continued downward pressure.
The NASDAQ 100 has found quite a bit of buying pressure on Thursday, as we are now looking at the 13,750 level as an area of potential importance.
Silver experienced a slight decline during Thursday's trading session, bringing it closer to the 200-Day Exponential Moving Average.
The TRY/USD stabilized during early trading today, Thursday, near its lowest level ever.
Gold futures fell in the middle of the trading week amid increasing US dollar strength. Investors resorted to the dollar during the debt ceiling crisis.
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Investors' continued abandonment of the Japanese yen in light of the continued easing policy of the Japanese Central Bank and the lack of benefit from the markets.
The pound rose to its highest level against the euro since December after data showed that UK inflation came in well above expectations in April but quickly gave up the advance amid potential concerns that the UK is facing a unique inflationary problem.
The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.
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The GBP/JPY pair experienced a drop during Wednesday's trading session, only to find buyers again, indicating the presence of ongoing support levels.
The British pound displayed a back-and-forth movement during Wednesday's trading session, reflecting the ongoing noise and volatility in the market.