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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Silver prices underwent a slight drop on Wednesday, retreating from the $25 mark after a recent surge.
The TRY/USD settled near its highest levels ever during early trading on Wednesday morning.
For four consecutive trading sessions, the price of the USD/JPY currency pair has been moving in an upward retracement path, with gains that reached the 139.67 resistance level, which is stable around it at the time of writing the analysis.
In today's morning trading, the price of the sterling fell against the US dollar strongly, with losses that affected the support level at 1.2930.
Since the start of this week's trading, the price of the EUR/USD currency pair maintained the gains of the recent bullish rebound, with gains that reached the 1.1275 resistance level.
Gold futures settled at their highest levels in about six weeks, driven by expectations that the US Federal Reserve is close to ending the cycle of quantitative tightening.
The NZD/USD has attained near-term lows as of this writing and the price of the currency pair is around the 0.62275 mark.
The USD/BRL ended yesterday’s trading near the 4.8100 mark which is a vicinity the currency pair also traversed last Friday.
My previous BTC/USD signal on 10th July was not triggered as there were no bearish price action when the resistance level at $30,605 was first reached that day.
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The GBP/USD exchange rate pulled back even after the US published weak retail sales and industrial production numbers.
The euro was unchanged on Wednesday morning ahead of the upcoming European consumer inflation numbers.
The AUD/USD pair was flat on Wednesday morning ahead of the latest Australian jobs numbers.
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Sign up to get the latest market updates and free signals directly to your inbox.The crude oil market exhibited a relatively stagnant performance during Tuesday's trading session, with marginal gains compared to the preceding days.
The NASDAQ 100 has pulled back just a bit during the trading session on Tuesday, but the buyers have returned yet again as retail sales cooled.
During Tuesday's trading session, the British pound initially attempted to rally but quickly retraced its gains and encountered resistance near the ¥180 level against the Japanese yen.