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 NZD/USD has broken significantly lower during the trading session on Thursday, as we have seen risk appetite get eviscerated. Ultimately, the market is likely to get looking to the 200-Day EMA, which is closer to the 0.6250 level.
The NASDAQ 100 has gotten absolutely hammered on Thursday, dropping almost 4% by the time the afternoon came.
The EUR/JPY has rallied rather significantly during the trading session on Thursday, breaking a major downtrend line as we continue to see a lot of noisy behavior.
It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
Investors abandoned the US dollar, which allowed the GBP/USD exchange rate to continue its upward rebound.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.
The continuation of the bearish pressure on the US dollar price is positive for the XAU/USD gold price,
The price of the TRY/USD has stabilized despite the strong movement in global markets since yesterday, after the decision to raise interest rates in the United States of America by 50 basis points.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to break a series of gains that lasted for two days.
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The USD/NOK is near the 9.80000 ratios as of this writing with rather a quick trading flickering across the Forex monitor.
The USD/INR has continued to produce volatile movements within a known range and highlights the need for risk management for speculators.
The S&P 500 has gone back and forth during the day on Wednesday, as we are hanging around the 200-Day EMA.
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The EUR/GBP continues to construct against the British pound, as we start to head towards the European Central Bank meeting on Thursday.
The GBP/JPY has initially fallen during trading on Wednesday but has turned around to show signs of life as we continue to find buyers against the Japanese yen.