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 initially tried to rally during the trading session on Thursday but gave back gains to show signs of hesitation.
The USD/CAD has gone back and forth during the trading session on Thursday as we continue to hang around the 50-Day EMA.
The EUR/JPY has pulled back just a bit during the trading session on Thursday, as we are struggling to go much higher.
The GBP/USD has gone back and forth during the trading session on Thursday as we continue to hang around the 1.20 level.
The AUD/USD has initially fallen during the trading session on Thursday to show signs of hesitation, but at this point it’s very likely that we continue to see this as a market where it’s going to be about risk appetite.
The US dollar rose as better-than-expected retail sales data failed to spark a rally in financial markets.
The continued strength of the US dollar was sufficient for further downward pressure on gold prices, XAU/USD, with losses towards the support level at $1830 an ounce.
The US dollar's gains continued against the rest of the other major currencies.
Britain's inflation rate fell for the third consecutive month in January, boosting optimism that the cost of living crisis has peaked and prices will fall sharply later this year.
Bonuses & Promotions
Spot natural gas prices (CFDS ON NATURAL GAS) continued their narrow sideways movements during their early trading on Thursday.
Early trading stabilized on Thursday morning after it recorded an all-time low against the US dollar on Wednesday.
The Dow Jones Industrial Average rose again in its recent trading on intraday levels, to achieve gains in its last sessions by 0.11%.
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The GBP/USD currency pair has fallen during the trading session on Wednesday again, as we continue to threaten the 1.20 level.
The Euro has plunged during the trading session on Wednesday as we continue to see a lot of noisy behavior.