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 GBP/USD may be ready to resume its bullish trend and end its losing streak against the euro after a series of economic and political developments came together to shatter the gloomy economic consensus hanging over the UK economy.
Increasing expectations about the future of more strength and times of raising US interest rates brought the US dollar more strength against all other major currencies.
Spot natural gas prices (CFDS ON NATURAL GAS) rose during their early trading on Thursday, achieving daily gains until the moment of writing this report, by 1.93%.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to record new losses in its last sessions by -0.26%.
Early trading of the TRY/USD stabilized this morning, investors are awaiting the Turkish Central Bank's decision on the interest rate, experts expected that the interest rate would be fixed without changes.
The USD/JPY currency pair experienced a slight pullback as the ¥135 level continues to provide some resistance.
Wednesday's session was unusually quiet due to the significant selloff that occurred on Tuesday, which may have released the built-up energy in the market.
The silver market has been relatively calm in recent trading sessions, hovering around the 200-day Exponential Moving Average (EMA).
Gold markets have done very little during the trading session on Wednesday as we continue to hang around the 38.2% Fibonacci level.
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The Euro has rallied to slightly during the early hours on Wednesday but gave back early gains as we hit the 50-Day EMA.
On Wednesday, the British pound experienced a slight pullback from its upward trend on Tuesday.
During Wednesday's trading session, the Euro traded in a range, hovering just above the 1.06 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD is trading near the 1.35300 ratio with swift price action early this morning.
The West Texas Intermediate Crude Oil market experienced back and forth movement, remaining in the middle of a larger consolidation area.
Traders who have pursued the USD/SGD the past few weeks have certainly had their technical perceptions tested.