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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Gold futures crossed $2,000 an ounce for the first time since the end of July, driven by the war in Israel, a weak US dollar, and the the Federal Reserve.
Crude oil markets experienced a tumultuous start to the trading session last Friday, as they gapped higher before showing signs of exhaustion.
The USD/JPY has been on a significant rally in the recent trading sessions, edging closer to the critical ¥150 level against the Japanese yen.
The GBP/USD experienced a roller-coaster ride during the Friday trading session, highlighting its resilience amid uncertain times.
The USD/ZAR initially tried to rally during the trading session on Friday but gave up gains near the 19.17 level.
The S&P 500 index finds itself in a challenging environment, marked by a prevailing sense of negativity.
The GBP/JPY experienced a day of fluctuation in its trading session on Friday, characterized by considerable market noise and uncertainty.
In Friday's trading session, natural gas markets experienced a slight decline, once again testing the 200-Day Exponential Moving Average.
In Friday's trading session, the EUR/USD experienced a slight retreat, only to rebound and display signs of renewed momentum.
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The Australian dollar, commonly known as the Aussie dollar, is currently in a consolidation phase, repeatedly testing a critical support zone around the 0.6275 level.
Consolidating below $1.0643.
The GBP/USD pair was flat on Monday morning as the focus remained on the ongoing turmoil in the UK and US bond markets.
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The AUD/USD exchange rate has moved sideways this month as the US dollar index (DXY) continued rising.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of October 22nd, 2023 here.