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 West Texas Intermediate (WTI) Crude Oil market rallied during Wednesday's trading session, approaching the 50-Day Exponential Moving Average (EMA).
The natural gas market lacks direction as it hovers around the 50-Day Exponential Moving Average (EMA).
During Wednesday's trading session, the gold market experienced a slight rally, reaching the 50-Day Exponential Moving Average.
During Wednesday's trading session, the EUR/USD showcased a back-and-forth movement, reflecting the ongoing attempts to comprehend the prevailing global dynamics.
The AUD/USD encountered a challenging session on Wednesday, reflecting the prevailing market troubles and uncertainty.
The GBP/USD exchange rate sell-off gained steam as it crashed to the lowest point since April 3rd.
Cryptocurrencies and stocks dropped as concerns about the American economy continued.
The AUD/USD pair moved downwards after the latest Fed minutes and after Fitch placed the US in its “rating watch negative.”
The downward path of the EUR/USD currency pair is getting stronger, as the most famous currency pair in the forex market collapsed to the support level 1.0760
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The current strong upward path for the USD/JPY currency pair, which tested the 138.91 resistance level, before settling around 138.50 at the time of writing, will strengthen
Despite the recent performance of the GBP/USD currency pair, which collapsed to the support level of 1.2372 and settled around the level of 1.2413, sentiment towards the British pound continues to improve
The TRY/USD stabilized against the dollar during early trading today, Wednesday, after the Turkish currency recorded its lowest levels ever against the dollar yesterday, after it touched levels of 20 liras per dollar, before recording some gains.
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The NZD/USD is trading near the 0.61375 ratios as of this writing.
The USD/SGD has delivered speculators a trading range to take advantage of support and resistance levels since last Friday.