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 difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
The USD/ZAR has fallen rather significantly over the last couple of weeks against the South African Rand, for we are approaching several technical indicators underneath that could offer a significant amount of support.
The USD/JPY experienced a slight pullback in Thursday's trading session, contributing to the ongoing noise observed in the market.
The S&P 500 index continues to encounter considerable noise and resistance around the 4300 level, which holds significant psychological importance and has previously acted as a barrier to further gains.
The GBP/JPY exhibited back-and-forth movements in Thursday's trading session as it built up pressure below the ¥175 level.
The AUD/USD displayed further strength during Thursday's trading session, reaching the 0.67 level.
The trading session on Thursday saw the West Texas Intermediate (WTI) Crude Oil market and the Brent markets experience fluctuations and heightened volatility.
The EUR/USD has displayed a slight rally in Thursday's trading session, finding support once again at the 200-Day Exponential Moving Average (EMA).
The silver market experienced a significant rally during Thursday's trading session, with the focus now shifting toward the 50-Day Exponential Moving Average (EMA).
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Gold markets continued their rally in Thursday's trading session, operating within a tight and well-defined range.
The GBP/USD demonstrated strength in Thursday's trading session, experiencing a rally.
Since the start of this week's trading, the price of the EUR/USD currency pair has been moving in very narrow ranges, with a strong bearish tendency.
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Throughout this week's trading, the price of the GBP/USD currency pair is on an upward rebound path to compensate for its recent losses.
Last Wednesday the 31st of May the USD/BRL was touching a high of nearly 5.1290, a value that had last been seen late in March of this year.