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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Silver markets gapped higher to kick off the trading session on Thursday, but then turned around to pull back and fill the gap.
The euro pulled back from major resistance during the trading on Thursday, which would have been a bit thin due to New Year’s Eve.
The British pound rallied during the trading session on Thursday, but it should be noted that this was a reflection of a lack of volume as well due to New Year’s Eve.
The GBP/USD continued rallying in early trading due to the relatively weaker dollar and optimism about a post-Brexit Britain.
The AUD/USD price started the year on a high note, continuing the 9.60% gains it made in 2020.
Increasing volatility potential is topping blow-off sign.
The EUR/USD is trading in a short-term bullish pattern, but the euro is not strong.
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With risk appetite increasing due to announcements regarding coronavirus vaccines, the EUR/USD pair is correcting towards its highest gains and has so far reached the 1.2310 resistance, its highest since April of 2018.
The GBP/USD gained strong momentum during yesterday's trading session that pushed it towards the 1.3649 resistance, the pair's highest level since April 2018, where it stabilized as of this writing.
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The USD/JPY is about to close 2020 trading on a sharp decline, stable below the psychological support level at 103.00.
The AUD/USD pair rose yesterday to its highest level since April 2018 as increased investor risk appetite and USD sales helped boost the AUD.