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 current strong upward path for the USD/JPY currency pair, which tested the 138.91 resistance level, before settling around 138.50 at the time of writing, will strengthen
Despite the recent performance of the GBP/USD currency pair, which collapsed to the support level of 1.2372 and settled around the level of 1.2413, sentiment towards the British pound continues to improve
The TRY/USD stabilized against the dollar during early trading today, Wednesday, after the Turkish currency recorded its lowest levels ever against the dollar yesterday, after it touched levels of 20 liras per dollar, before recording some gains.
The continued gains of the US dollar still contribute to increasing the bearish momentum of XAU/USD gold prices.
The NZD/USD is trading near the 0.61375 ratios as of this writing.
The USD/SGD has delivered speculators a trading range to take advantage of support and resistance levels since last Friday.
The USD/JPY displayed mixed performance during Tuesday's trading session, hovering around the ascending triangle pattern that the market recently broke out of.
The S&P 500 exhibited a modest pullback during Tuesday's trading session, close to the key psychological level of 4200.
Silver experienced a significant decline early on Tuesday as PMI numbers from Europe and the United Kingdom were weaker than expected.
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The NASDAQ 100 has once again demonstrated its resilience as it continues to rally, buoyed by the influence of the 13,750 level.
During Tuesday's trading session, the British pound experienced a slight decline, approaching the support level of around 1.2350.
The GBP/JPY has been fluctuating as it navigated the trading session on Tuesday, initially dipping to test the ongoing support level that has been in focus for several days.
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Gold markets experienced significant negative pressure during Tuesday's trading session, with the market testing the important $1950 level.
The EUR/USD found a semblance of stability on Tuesday, exhibiting a recovery after an initial decline.