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 GBP/JPY saw a modest pullback during Wednesday's trading session, hinting at an ongoing consolidation phase.
The AUD/USD has demonstrated a rollercoaster-like behavior during this week's trading session, notably with an undulating value that seems to be clinging onto the 0.64 zone.
The British pound continued its relentless sell-off as crude oil prices rose and after a dovish statement by Andrew Bailey.
The BTC/USD pair was flat on Wednesday as a risk-off sentiment prevailed in the market.
The AUD/USD pair continued its downward trend as inflation jitters rose and as investors embraced a risk-off sentiment.
In a noteworthy development, the US dollar exhibited a robust rally against the Japanese yen during Tuesday's trading session.
The vagueness of the expectations regarding the decisions of the European Central Bank next week increased the downward pressure on the euro
The continuation of the strength of the US dollar since the reaction to the recent US jobs figures supported the bear's control over the direction of the GBP/USD currency pair.
Gold futures decreased as the shortened trading week began due to the American holiday and decreased towards the level of $1950 per ounce.
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The US dollar resumed its upward march, benefiting from interest rate differentials and safe haven flows.
The GBP/JPY embarked on a compelling journey against the Japanese yen during Tuesday's trading session, initially showing weakness before swiftly reversing course to exhibit robust bullish momentum.
The GBP/USD experienced a modest decline in Tuesday's trading session, marked by a resurgence of volatility in the market.
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The AUD/USD experienced a substantial decline in Tuesday's trading session, breaching the significant 0.64 level to establish a fresh low.
The USD/BRL gapped higher upon opening for trade yesterday, and intriguingly sustained its upper price range as nervous conditions remain in the broad markets.