The US dollar has rallied rather significantly during the trading session on Thursday to reach towards the ₹74 level.
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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Yesterday's session was the strongest of the bullish momentum for the GBP/USD currency pair, as it jumped from the 1.3620 level, during an upward rebound.
The EUR/USD exchange rate moved towards the top of its December-January range at 1.1370 following another broader dollar turnaround after the Federal Reserve Chairman said there was no rush to reverse the quantitative easing program.
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With the value of the US dollar under pressure in the wake of consumer price inflation data, the price of gold moved upwards with gains to the resistance level of 1828 dollars an ounce.
The US dollar lost much of its value heading into the midweek session after hawkish comments from Federal Reserve officials (Fed) followed by a flurry of profit taking that weighed on US exchange rates ahead of the December inflation data.
SHIB/USD has provided its speculators with a solid climb higher the past few days, but this move upwards comes after a strong stumble lower.
DOGE/USD has found short-term momentum in the past day, and its ability to climb from lows since the 10th of January may stir optimists who remain speculative bulls.
Yet resistance at $1.1456 may prove to be strong.
Gold markets gapped higher to kick off Wednesday, turned right back around to fill the gap, and then turned around to show signs of strength again.
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The silver market rallied quite significantly on Wednesday, exploding to the upside as the US dollar got hammered.
The US dollar initially tried to rally on Wednesday, but as you can see, for the last three days in a row we have seen any rally squashed as the greenback is getting beaten up by most currencies.
The NASDAQ 100 rallied a bit on Wednesday as traders breathed a sigh of relief when CPI numbers came in as anticipated.
The S&P 500 rallied a bit on Wednesday as inflation came out as anticipated on the CPI numbers.
Bitcoin recovered quite nicely on Wednesday, gaining a little over 5% as the bottom looks to be trying to hold.
The Ethereum market rallied significantly on Wednesday to break up and away from the 200-day EMA in what is a very bullish sign.