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 had rallied to kick off the session on Thursday but have given back quite a bit of gain to turn around and form a very negative candlestick.
The EUR/CHF has fallen during the trading session on Thursday as the European Central Bank raised interest rates by 75 basis points.
The West Texas Intermediate Crude Oil market bounced a bit during the trading session on Thursday, gaining over 2%.
The EUR/USD has gone back and forth during the trading session on Thursday as we continue to hang around the parity level.
The GBP/USD has drifted a little bit lower during the training session on Thursday, as we are hanging around the 1.15 level.
Ethereum continues to see a lot of back-and-forth, as there’s no real reason to get excited at this point.
The BTC/USD has fallen a bit during the trading session on Thursday as we continue to see plenty of negativity.
The lira was affected by the new monetary policy pursued by the Turkish Central Bank, which focuses on increasing production away from raising interest rates, which aims to attract hot money to the economy.
The USD/MXN continues to demonstrate an ability to diverge in a crowed Forex arena, which has seen the USD gather strong momentum against most other currencies.
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The markets await a new rate hike announcement from the European Central Bank, the tone of its policy statement and the statements of the ECB governor
The continued strength of the US dollar, supported by the expectations of a strong US interest rate hike in the coming months was enough to push the USD/JPY currency pair to move towards the 145.00 resistance level, its highest in 24 years.
The price of gold fell for a third day as the US dollar scale hit a record and Treasury yields rose amid expectations of further monetary tightening by the Federal Reserve.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/INR is trading near 79.6700 as of this writing, which is soundly within the scope of a higher price range when a long term approach is studied.
The GBP/USD has received a lot of bearish pressure recently as the Bank of England abandoned it regarding the future of its monetary tightening.
The Dow Jones Industrial Average rose in its recent trading at the intraday levels, to achieve sharp gains in its last sessions.