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 EUR/USD went into this weekend once again testing new lows, and bullish traders who have been pursuing upwards momentum continue to be treated with tough conditions.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 3rd, 2023 here.
The GBP/USD went into the weekend within sight of its low for the week, as nervous trading remained abundant, setting up the potential of an intriguing week ahead.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The USD/JPY embarked on a mild descent during Thursday's trading session, a trajectory attributed to the anticipated release of the PCE numbers.
Following the release of the anticipated PCE numbers, the S&P 500 index has maintained a modest yet discernible upward momentum.
The EUR/USD has recently undergone a retracement, stepping back from its position adjacent to the 50-Day Exponential Moving Average, and this shift has brought forth signs of hesitation.
During the trading session on Thursday, the British pound exhibited a modest pullback, encountering a notable point of resistance at the 50-Day Exponential Moving Average (EMA).
The AUD/USD commenced Thursday's trading session with an attempt at rallying.
Bonuses & Promotions
Silver encountered a substantial downturn during Thursday's trading session, slipping below the pivotal $25 threshold.
The natural gas market exhibited a minor rally at the commencement of Thursday's trading session, promptly followed by a swift retraction.
During the Thursday trading session, gold exhibited a lackluster performance, prompting market participants to ponder the effectiveness of inflation management.
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Sign up to get the latest market updates and free signals directly to your inbox.For West Texas Intermediate (WTI) Crude Oil, Thursday's trading demonstrated a robust yet steady climb, even amidst clear market fluctuations.
The GBP/JPY retreated marginally in Thursday's trading session, signaling slight hesitancy.
The month of September will be very much the same game that we have been seeing for the last several months preceding it