The Dow Jones Industrial Average closed with a rise in its recent trading at the intraday levels, to break its longest losing series in a month.
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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Since trading began this week,the price of the GBP/USD currency pair has settled around its losses towards the 1.1717 support level, its lowest since the peak of the collapse of the markets due to the Corona pandemic in 2020.
Today there will be an important event to future recession watchers in light of the continued sharp tightening of the Fed's policy.
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For two days in a row, the price of gold is trying to recover.
The EUR/USD rate remains stable under downward pressure below the parity rate though, there is little hope that even a significant hike in interest rates might rescue it.
The USD/JPY has reversed from highs achieved a couple of days ago, but remains stubbornly perched within the loftier part of its long term range.
As of this writing the NZD/USD is trading near short term highs around the 0.62325 ratio.
The EUR/USD price moved sideways on Thursday morning as investors waited for the upcoming European Central Bank (ECB) minutes.
The US dollar has fallen a bit during the trading session on Wednesday in an almost exact copy of the previous 24 hours.
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The AUD/USD has fallen a bit during the trading session on Wednesday as the market continues to drift around the 0.69 level.
The GBP/USD price has room to rise and seems unwilling to fall further, with no key resistance levels overhead until $22,713.
The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything.
The ETH/USD has dipped a little bit during the trading session on Wednesday but found buyers on the dip to continue to hang around the 50 Day EMA.
The AUD/USD price retreated slightly ahead of the upcoming Jackson Hole Symposium in Wyoming and the second estimate of US GDP data.
The BTC/USD continues to go back and forth during the trading session on Wednesday as we continue to hang around the $21,500 level.