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 EUR/USD experienced a pullback during Tuesday's trading session as the market continued to exhibit a lot of noisy behavior.
The West Texas Intermediate Crude Oil market was somewhat soft during Tuesday's trading session, with the recent bear market rally causing some hesitation.
The AUD/USD has pulled back from the 200-Day EMA, indicating that the market is not yet ready to break to the upside for a bigger move.
My previous GBP/USD signal on 8th May was not triggered as none of the key support or resistance levels were reached during the day’s London session.
The EUR/USD price dropped to the lowest level since May 2 ahead of the upcoming American consumer price index (CPI) data.
The BTC/USD pair sell-off continued as concerns about Bitcoin’s high fees and slow speed continued.
The AUD/USD exchange rate drifted downwards after the latest Australian budget and ahead of the upcoming American inflation data.
The pair of the USD/TRY recorded a new high to break through the new peak recorded earlier this month.
The beginning of this week’s trading was not much different from the end of last week’s trading, where the price of the EUR/USD currency pair settled around and above the psychological resistance 1.1000.
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With the opening of the new week’s trading, the GBP/USD exchange rate rose to its highest level in a year, with gains towards the 1.2668 resistance level
The price of the USD/JPY currency pair is moving in a neutral performance in narrow ranges, pending the announcement of US inflation figures, the strongest driver of the dollar this week.
At the beginning of this week's trading, gold futures prices rose before the important US inflation data this week.
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Sign up to get the latest market updates and free signals directly to your inbox.Traders of the USD/INR who have been pursuing downward momentum from the currency pair have likely been given a rude awakening this morning.
Bullish speculators of the NZD/USD likely enjoyed the trend upwards last week which developed and proved to have strength.
Silver continues to show plenty of support beneath it and seems to be going sideways, waiting to gather enough momentum to continue its overall uptrend.