Natural gas consolidates in a bullish pattern, driven by cold U.S. weather and European LNG demand, with a potential breakout above $4 toward $4.50 or higher.
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 US dollar continues its upward trend against the Canadian dollar, supported by US economic optimism and Canadian political uncertainty, as the pair eyes the 1.45 level.
The US dollar is the clear winner in the FX market, not only against the Swiss franc, but against a ton of other currencies, which of course makes quite a bit of sense.
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During the trading session on Tuesday, we broke down pretty significantly in the USD/MYR pair, which is a bit of an outlier when it comes to the Forex world at the moment.
During my daily analysis of crypto, Ethereum has captured my attention as it has lost over 6%, mainly due to the idea of yields raising higher in the United States.
My daily analysis of crypto obviously starts with Bitcoin, which was absolutely crushed during the trading session on Tuesday.
During my daily analysis of the major currency pairs, the Australian dollar captures my attention due to the fact that we have formed yet another nasty looking candlestick at the end of the day.
During yesterday's trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis.
Since the start of trading this week, gold prices have been trying to rebound upwards with gains extending to the resistance level of $2665 per ounce.
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Bitcoin price erased gains made earlier this week as concerns about the rising bond yields continued.
The GBP/USD pair retreated in the overnight session as US bond yields jumped following strong US economic data.
The AUD/USD pair moved sideways ahead of the upcoming US jobs data, Federal Reserve minutes, and a statement from Christopher Waller.
The USD/SGD is currently priced near the 1.36000 ratio as financial institutions are clearly trying to position and still have a healthy fear of current Forex conditions as nervous sentiment remains intact.
EUR/USD approaches parity as bearish momentum builds, driven by US dollar strength, European energy challenges, and upcoming key economic data.
Gold stabilizes near $2646 after volatile moves, with traders watching key U.S. economic data and Fed minutes as bulls eye $2700 resistance.