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 US dollar has gone back and forth during the trading session on Thursday, as we continue to see a lot of noise around the ¥108 level.
The silver markets initially tried to rally during the trading session on Thursday but gave back a lot of the gains as we reached the 50 day EMA.
During the trading session on Thursday, the US dollar dropped below the 75 ruble level during trading, but also found enough support underneath
The West Texas Intermediate Crude Oil market rallied during the trading session initially on Thursday but did reach towards the $20 level
Gold markets initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains above the $1750 level.
After a growing number of countries believe they have either reached the peak of the global Covid-19 pandemic or are very close to it, markets are now digesting news
For the seventh consecutive day, the USD/JPY pair stabilizes in a limited movement range that threatens a strong movement coming in one of two directions, and the downward trend remains the closest opportunity to get support from the next move.
AUD/USD: Support at 0.6327
USD/JPY: Both currencies moving together
Bonuses & Promotions
I mentioned in recent technical analyzes that gold price is still in a stronger upward trend and that any decline in prices is only an opportunity to reap profits and return to buying gold again.
BTC/USD: Consolidating between $7,200 and $6,924
The British pound had rallied a bit during the trading session initially on Wednesday but turned around to show signs of exhaustion.
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The Australian dollar rallied a bit during the trading session on Wednesday, reaching towards the 50 day EMA where there has been selling pressure.
The EUR/USD pair is still trying hard to avoid moving below the 1.0800 psychological support so as not to have more selling on the pair.