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 West Texas Intermediate Crude market was all over the place during the trading session on Wednesday, in what would have been very thin trading as far as volume is concerned.
The US dollar has rallied again during the trading session on Wednesday, in what would have been thin trading due to the Thanksgiving holiday.
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Natural gas markets initially tried to rally during the trading session on Wednesday, but then broke down as we got above the 50 day EMA.
Gold markets have fallen a bit during the trading session on Wednesday but have also found plenty of support near the $1450 level.
GBPUSD: More bullish on new opinion poll forecasting strong government victory
Japanese retail sales plunged in October at a rate twice of the September expansion.
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This morning’s Australian economic data showed an unexpected contraction in private capital expenditure for Q3, and Q2 was revised down to show a bigger contraction
After today, there will be no major economic releases until the end of this week's trading.
Here at Pepperstone we’ve seen increased client interest in the USD/CNH cross. Why? Well, along with perhaps soybeans and pork, CNH has been a remarkable read on the US-China trade war.
Gold prices fell to $1450, the lowest level in two weeks during Tuesday's trading session and then rebounded to $1460 at the time of writing.
A limited range move has been the hallmark of the GBP/USD pair since the beginning of this week between 1.2835 support and 1.2910 resistance, and the pair is stable around 1.2850 at the time of writing.