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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After the XAU/USD gold price jumped towards the $1970 resistance level, it was exposed to profit-taking sales again.
The bulls succeeded in pushing the price of the USD/JPY currency pair towards and above the psychological resistance 140.00 again
If you have not looked at the value of the USD/TRY the past couple of days it might be an interesting endeavor to have a glance today.
The USD/JPY faced initial resistance against the Japanese yen in Wednesday's trading session but managed to reverse its course, indicating a renewed sense of strength.
During Wednesday's trading session, the British pound displayed a rally, driven by the prevalent "buy on the dip" mentality.
The S&P 500 experienced an initial pullback during Wednesday's trading session, only to reverse and display signs of life.
During Wednesday's trading session, the silver market experienced a slight decline, characterized by ongoing noise and volatility.
The NASDAQ 100 initially tried to rally during the trading session on Wednesday but then got hammered after the Bank of Canada decided to raise interest rates.
The West Texas Intermediate (WTI) Crude Oil market and the Brent market exhibited back-and-forth movement during Wednesday's trading session, highlighting the prevalence of noisy behavior.
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During Wednesday's trading session, the gold market experienced a back-and-forth movement, remaining just below the 50-Day Exponential Moving Average.
During Wednesday's trading session, the EUR/USD initially experienced a decline, breaking below the 200-Day Exponential Moving Average.
During Wednesday's trading session, the British pound encountered a slight retreat in its value relative to the Japanese yen, reflecting a volatile market environment.
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Sign up to get the latest market updates and free signals directly to your inbox.During Wednesday's trading session, the AUD/USD experienced a minor pullback before rebounding from the 50-Day Exponential Moving Average.
My previous BTC/USD signal on 5th June may have produced a losing long trade from the small bounce at the support level at $26,687.
The GBP/USD forex pair was a bit choppy as the light economic calendar week continued.