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 temporarily jumped against the euro and the US dollar after stronger-than-expected British wages data.
The gains of the Japanese yen quickly evaporated after the comments of the Governor of the Bank of Japan before the start of trading.
In Tuesday's trading session, the natural gas market displayed a sense of equilibrium, leaving traders contemplating their next steps.
The continuation of the strength of the American dollar increased the losses of the gold price XAU/USD, which fell to the support level of $1907 per ounce.
The gold market saw a modest decline during the early hours of Tuesday, finding itself ensconced between the 50-day Exponential Moving Average above and the 200-day EMA below.
The EUR/USD made an initial attempt to rally during Tuesday's trading session, but this endeavor quickly gave way to losses, reflecting the overarching trend of a strengthening US dollar.
The crude oil market exhibited signs of strength during Tuesday's trading session, hinting at the potential for another breakout.
The GBP/JPY engaged in a back-and-forth dance during Tuesday's trading session, orbiting around the 50-Day Exponential Moving Average.
The USD/TRY stabilized, recording slight changes within a limited range during Wednesday’s trading.
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The NZD/USD remains within sight of the 0.59000 mark as rather sideways trading has flourished early this week in anticipation of today’s U.S Consumer Price Index numbers.
The USD/BRL like the broad Forex market produced a rather consolidated value range yesterday, this as speculators prepare for today’s U.S Consumer Price Index numbers.
The USD/JPY embarked on a rally during Tuesday's trading session, indicating a readiness for further ascent.
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The natural order of indices is to go higher over the longer term, although Tuesday did feature a bit of a short-term pullback.
The GBP/USD commenced Tuesday's trading session with an attempt to rally, only to relinquish its gains, indicating a potential further decline.