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 sterling against the US dollar GBP/USD continues to bleed losses strongly. The 1.2135 support level reached its lowest level in more than six months.
The recovery of the Japanese yen from its lowest levels in several months against the US dollar did not last long after new threats to intervene in the forex currency market.
The failure of the gold price XAU/USD to move above the resistance of $1945 per ounce will support the formation of the head and shoulders
The GBP/USD has experienced another decline during the Tuesday trading session, reflecting a prevailing negative sentiment in the market.
The S&P 500 exhibited a minor retraction during Tuesday's trading session but demonstrated resilience with a subsequent bounce.
Silver experienced a decline during Tuesday's trading session, reaching the $23 level.
The natural gas markets exhibited a slight retraction during the trading session on Tuesday, characterized by considerable fluctuations and noise.
Gold markets experienced a decline during Tuesday's trading session, approaching the 200-Day EMA, a critical indicator closely monitored by many.
The EUR/USD experienced significant fluctuations during the early trading sessions on Tuesday, exhibiting resilience amidst a period marked by persistent selling.
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The GBP/USD pair continued falling as investors embraced a risk-off sentiment.
The EUR/USD pair has been in a freefall after peaking at 1.1280 in July as the US dollar index rally gained steam.
Bitcoin held quite well this week even as a risk-off sentiment continued and the fear and greed index crashed.
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The EUR/USD exchange rate remains vulnerable to further losses and looks set to take another step towards the key support level of 1.05 in the coming days.
The US dollar wasted no time rallying at the start of Monday's trading session, clearly displaying a relentless drive to break out to the upside.