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 price of the USD/JPY currency pair continued to rebound and nearly touched its highest level in October 2022 at the resistance level of 151.94.
The EUR/USD pair jumped to a two-month high of 1.0887 on the back of lower-than-expected US inflation data and improving German sentiment.
Silver experienced an early rally during Tuesday's trading session, with the hammer pattern from the previous Monday session appearing to lend support to the market.
Natural gas markets displayed a modest rally during Tuesday's trading session, with a significant technical indicator, the 200-Day EMA, situated just above the current levels.
The NASDAQ 100 has taken off to the upside after the CPI numbers in the United States were cooler than anticipated.
The West Texas Intermediate Crude Oil market initiated a minor pullback during the early trading hours on Tuesday.
The AUD/USD displayed a remarkable surge during Tuesday's trading session, and this abrupt upward movement was primarily attributed to the release of Consumer Price Index figures in the United States, which turned out to be cooler than initially expected.
The GBP/USD exchange rate made a bullish breakout after a hawkish statement by the Bank of England (BoE) economist and after the weak US Consumer Price Index (CPI) data.
The EUR/USD exchange rate bounced back to its highest point since August 31st after the weak US consumer inflation data.
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The AUD/USD pair went vertical in the American session after the encouraging US Consumer Price Index (CPI) data.
The USD/CAD is within the higher elements of its near-term range, but nervous conditions are evident as important U.S inflation statistics are on the schedule.
The USD/SGD has made a high this morning near the 1.36175 vicinity, but has seen a slight reversal lower while near-term resistance levels raise speculative eyebrows.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/JPY witnessed another bout of depreciation against the US dollar on Monday, as the ongoing upward momentum persists.
The EUR/USD initially made an attempt to stage a rally during Monday's trading session but subsequently relinquished some of its momentum, displaying signs of indecision.
After a series of five consecutive daily losses, it is difficult to describe the outlook for GBP/USD as anything other than weak.