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 USD/JPY saw a slight pullback on Thursday, but there are still buyers willing to pick it back up.
The GBP/USD saw some initial gains during the trading session on Thursday, but these were quickly reversed as the market encountered resistance above the 1.24 level.
Silver experienced a significant rally during the trading session on Thursday, reaching the $24 level.
The natural gas market experienced a drop during the trading session on Thursday, and this is likely due to the noisy behavior of the market in general.
The gold market has been experiencing a lot of volatility lately, with traders closely monitoring the $2000 level.
The price of the TRY/USD varied during early trading this morning, as the dollar pair settled against the lira near its all-time high, which the pair had previously recorded earlier this month.
For four consecutive trading sessions, the price of XAU/USD (gold) tended to the downside, with losses affecting the support level of 1944 dollars an ounce.
Taking advantage of the US dollar's decline, the bulls succeeded in pushing the GBP/USD exchange rate towards the 1.2362 resistance level, before settling around 1.2300 at the time of writing.
Throughout this week's trading, the exchange rate of the EUR/USD currency pair was in an upward rebound range, with gains that reached the 1.0871 resistance level.
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Analysis of the dollar against the yen USD/JPY and its positive performance ahead of important and influential data for four consecutive trading sessions.
The USD/ARS consistently delivers upwards momentum as the Argentina Peso continues to be among the worst currencies in the world.
The USD/JPY has seen rather a brisk trading the past few days as financial houses have reacted to nervousness within the broad markets and have created quick price velocity.
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The US dollar has rallied significantly against the Japanese yen during Wednesday's trading session, reaching the crucial ¥132.50 barrier.
The silver market saw some retracement during the Wednesday trading session, though it has been bouncing back and forth in a range, with both buyers and sellers entering the market.