Gold markets have gone back and forth during the course of the trading session on Thursday as we await the results of the Jackson Hole meeting.
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 Australian dollar has pulled back a bit during the course of the trading session on Thursday as the 0.73 level above continues offer resistance.
The British pound has fallen hard during the trading session on Thursday, to break down below the 200 day EMA to the downside again.
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The Euro has fallen a bit during the trading session as we wait for the output of the Jackson Hole symposium.
For the second day in a row, gold has given up its strong gains recently, which pushed it towards the resistance level of $1809.
The US dollar is preparing to move against the rest of the other major currencies ahead of the Jackson Hole Symposium after allowing them in recent days to achieve some gains.
The US dollar was temporarily stalled ahead of the Jackson Hole Symposium, allowing the price of the GBP/USD currency pair to correct upwards.
The EUR/USD is trying to correct upwards after plunging to the 1.1665 support level, then rebounding to the 1.1774 resistance level before settling around 1.1760 as of this writing.
SHIB/USD has suffered a price slump the past handful of days, but what may entice speculators of the Shiba Inu coin is that it continues to correlate to the broad cryptocurrency market.
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The DAX Index opened with a gap lower early this morning, but the German index remains within its higher value range for interested speculators.
The USD/ZAR moved in a rather consolidated fashion yesterday and in early trading today has gained incrementally.
Ethereum has seen its week-long consolidation end as ETH/USD has tested short-term lows and remains within sight of important support.
The CAC Index did very little on Wednesday as we sit right around the 6700 level, and perhaps even more importantly, the 50-day EMA.
The FTSE 100 rallied a bit on Wednesday to break above the 7100 level.
The West Texas Intermediate Crude Oil market initially pulled back on Wednesday but then turned around to show signs of strength yet again.