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 Pound proved to be the most powerful currency against the return of the US dollar gains vs most major currencies.
For three consecutive trading sessions, the EUR/USD pair is under selling pressure pushing it towards the 1.0902 support before returning to stability around the 1.0965 level of in the beginning of Thursday’s trading.
During yesterday's trading, gold prices retreated to the $1570 support and then returned to stability around the $1594 level in the beginning of trading on Thursday, with the return of pressure on the US dollar after another round of US manufacturing data.
Since the beginning of trading this week, the USD/JPY has been moving in a range between the 108.72 resistance and the 106.91 support and is settling around the 107.15 level in the beginning of trading on Thursday.
AUD/USD: Pivotal point remains at 0.6023
The Euro continues to go back and forth, and I simply think there’s no real directionality to this pair right now.
The US dollar initially tried to rally against the Japanese yen during trading on Wednesday, as we have fallen towards the ¥107 level.
The Australian dollar initially tried to rally during the trading session on Wednesday but gave back the gains to reach towards the 0.6050 level.
The NASDAQ 100 fell hard during the trading session on Wednesday, breaking the bottom of the shooting star that had formed on Tuesday
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The S&P 500 has had a bad trading session during the day on Wednesday, as we continue to see a lot of concerns out there when it comes to the global growth situation,
The British pound fell during most of the trading session on Wednesday, but as you can see, we also have a bit of a bounce.
USD/JPY: More bearish on souring risk sentiment
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BTC/USD: New bullish price channel
GBP/USD: Pound making bullish consolidation