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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During yesterday's trading, gold futures returned to stabilize above the psychological resistance level of $2,000 an ounce
The TRY/USD stabilized during early Wednesday trading, where it traded near its lowest levels ever against the US dollar, which the pair recorded yesterday.
The USD/BRL finished yesterday’s trading near the 5.0360 ratios and continued to move in a rather tight range that has been part of the currency pair’s speculative ‘air’ the past couple of weeks.
Traders of the USD/SGD have been able to participate in a rather range-bound week, as the currency pair has drifted between 1.33100 to 1.33800 consistently.
The US dollar attempted to rally against the Japanese yen on Tuesday but ultimately showed signs of hesitation at the key resistance level of ¥138.50.
The natural gas markets have been on a downward trend recently, with prices falling during Tuesday's trading session.
The gold market has experienced some slight upward movement during Tuesday's trading session, amidst a lot of noisy behavior.
The West Texas Intermediate (WTI) crude oil market has continued to show negative behavior, as concerns about the global economy contribute to a lack of demand for energy and crude oil.
The AUD/USD rallied significantly during Tuesday's trading session, reaching the 50-Day EMA, following a surprise interest rate hike by the Reserve Bank of Australia.
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The S&P 500 initially rallied during Tuesday's trading session as the market braces for the Federal Reserve meeting on Wednesday.
The silver markets have been exceptionally noisy over the last few weeks, and during Tuesday's trading session, they fell a bit, bouncing around the $25 level.
The EUR/USD has been experiencing a lot of choppy trading lately, with back-and-forth movement in the market.
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The GBP/USD has been trading in a small range between the 1.2550 level and the 1.2350 level, exhibiting a lot of uncertainty and noisy behavior.
My EUR/USD signal on 24th April was not triggered as the bearish price action took place above the highest resistance level which I had identified at $1.1056.