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.
Most Recent
The continuation of the gains of the American dollar brought more losses to the gold price XAU/USD reaching the support level of $1915 per ounce.
During trades this week the selling of the Japanese yen continued as the rising US dollar index (DXY) gained strength.
The pound sterling against the dollar (GBPUSD) fell to a new three-month low after investors were left with very few attractive alternatives to the US dollar.
The S&P 500 index experienced a slight dip during premarket trading on Wednesday, prompting questions about its future trajectory.
Silver is currently in a phase of selling, showing signs of a bid during Wednesday's trading session in early hours, only to drop again.
The natural gas market is showing signs of positivity during Wednesday's trading session, albeit with a sense of consolidation.
Gold has recently been experiencing some back-and-forth movements, leaving investors and traders in anticipation of its next move.
In the recent trading sessions, the euro exhibited some interesting price action.
The USD/TRY continued to rise slightly during early trading on Thursday morning.
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The USD/TRY is trading near highs for the week, but its speculative environment has taken a careful tone as the Turkish Lira has developed measured moves.
BTC/USD is trading within the lower values of its one-week price range following a rather vicious week and a half of speculation.
Price close to new 3-month low.
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The US dollar recently gained ground during a trading session on Wednesday, drawing attention to the USD/JPY pair.
The GBP/USD experienced some choppiness during Wednesday's trading session, notably struggling to stabilize above its 200-day Exponential Moving Average - a crucial indicator that market participants often use to gauge the broader trend.