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 USD initially pulled back against the ZAR during the trading session on Wednesday but has found support below the 19 Rand level in order to get involved.
The US dollar has fallen a bit against the Canadian dollar during the trading session on Wednesday, as we continue to see a lot of volatility.
The British pound has rallied significantly during the early hours on Wednesday but has given back some of the gains.
The US dollar initially pulled back during the trading session on Wednesday but found buyers underneath to continue to pick it up.
The GBP/USD exchange stabilized as the recent sell-off took a breather after the latest UK inflation data and a statement by Andrew Bailey.
The EUR/USD exchange rate recovered slightly on Thursday morning, erasing some of the recent losses.
It was a sea of red in the cryptocurrency market as the countdown to the Bitcoin halving event continued.
The S&P 500 initially fell overnight in the electronic hours, but it looks to me as if we are trying to recover a bit.
The British pound has rallied against the Japanese yen. Yet again on Wednesday, as it looks like the ¥193 level continues on for a lot of resistance.
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The U.S. dollar has fallen just a bit during the trading session on Wednesday as the 17.10 level has offered a bit of resistance.
The Aussie dollar did rally a bit during the trading session here on Wednesday, but the 0.64 or 0.50 level above should offer a significant amount of resistance as it had previously been supported.
Bitcoin has been all over the place during the course of the trading session on Wednesday. See where BTC/USD is headed today.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar remained near its highest levels in several months against the pound, euro, and other major currencies after the release of more strong economic data.
According to this week's trading, the pound sterling fell against the euro and the US dollar after Britain announced an unexpected rise in the unemployment rate.
Ahead of the release of inflation figures for the eurozone, expectations have increased about the proximity of the date of cutting interest rates with the exclusion of the US Federal Reserve.