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 S&P 500 experienced a modest rally during Wednesday's trading session, characterized by a period of uncertainty as market participants attempt to anticipate the next move.
USD/ZAR: Tumultuous Trading Mirroring Broad Forex Market
Silver has recently witnessed a substantial surge, marking an impressive upward trend over the past few weeks.
USD/INR: Move to Record Highs Followed by Reversal Lower
The natural gas market maintains its course in alignment with the 50-Day Exponential Moving Average (EMA) indicator, a focal point for those who analyze market trends from a technical standpoint.
Gold exhibited limited movement during Wednesday's trading session, hovering as traders sought to determine the potential direction for the precious metal's value.
The euro exhibited a mild surge in Wednesday's trading session, maintaining its upward momentum.
The US dollar index (DXY) sell-off continued, pushing the GBP/USD pair to the highest level since August 23rd.
The EUR/USD pair rally gained steam after the US and Germany published mixed economic numbers.
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The BTC/USD pair lost momentum in the overnight session as the enthusiasm of the Grayscale court victory faded.
The Australian dollar rose to the highest level in more than three weeks as the greenback retreated.
The USD/TRY rose during early European trading this morning, Wednesday, slightly, amid reports of holding a meeting of the Economic Coordination Council headed by the Turkish Vice President.
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Silver has rallied almost 2% during the trading session on Tuesday, as we have seen weaker than-anticipated economic figures coming out of the United States.
For two days in a row, the price of the euro currency pair returns against the US dollar EUR/USD, rebounding higher with gains above the resistance level 1.0892.