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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Weak US inflation readings helped the bulls push the EUR/USD price towards the psychological resistance level of 1.1000
The XAU/USD gold bulls gained additional momentum with the weakness of US inflation readings, which allowed prices to move towards the $2028 level
It is noticeable that the rebound of the price of the GBP/USD currency pair, following the announcement of weak US inflation readings, was less than usual for the pound
Stocks rose and the US dollar fell after US inflation fell faster than investors expected in March.
The price of the TRY/USD fell to its lowest level ever against the US dollar during early trading on Thursday morning.
The USD/BRL continued to demonstrate the ability to traverse lower yesterday after U.S. economic data showed that inflation via the CPI numbers was weaker than anticipated.
Silver started Wednesday's trading session on a high note, rallying at first.
The S&P 500 rallied initially during Wednesday's trading session but quickly turned back around, showing signs of hesitation.
The British pound started Wednesday's trading session on a high note, rallying against other major currencies.
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On Wednesday's trading session, the British pound attempted to rally against the Japanese yen.
The euro has been struggling to gain momentum and rally in the markets, facing a lot of resistance just above the 1.10 level.
The USD/CAD is trading near the 1.34360 ratio as of this writing, the currency pair has turned lower since the publication of the U.S CPI numbers which came in weaker than expected.
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The EUR/USD rallied to the highest point since February after the US published March’s inflation numbers.
The BTC/USD price remained above the important resistance point at $30,000 after the encouraging American inflation data.