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 price plunged to the lowest point since January 6 as the market continued reacting to the strong US jobs numbers.
Bitcoin price moved sideways on Tuesday as the market pondered the next action plan by the Federal Reserve following the strong jobs numbers on Friday.
The AUD/USD drifted upwards on Tuesday after the Reserve Bank of Australia (RBA) made its ninth straight rate hike.
US Dollar has stopped rising for now.
Throughout last week's trades, the bulls were controlling the performance of the euro currency pair against the US dollar EUR/USD.
At the end of last week's trading and amid the strong and sudden rise in the price of the US dollar following the announcement of stronger than expected figures for US jobs
At the end of the week's trading, the price of the USD/JPY currency pair jumped to the resistance level of 131.18 after it reached the support level of 128.08 in the same week
Gains for GBP will be subject to a quick sale as the gloomy expectations for the future recovery of the British economy during the year 2023 are still negatively affecting any positive outlook.
Spot natural gas prices (CFDS ON NATURAL GAS) deepened their losses during their early trading on Monday, to record new daily losses until the moment of writing this report by -0.72%.
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The Dow Jones Industrial Average fell in its recent trading on the intraday levels, recording losses in its last sessions by -0.38%.
The price of the TRY/USD stabilized, as the pair recorded slight changes with the opening of weekly trading.
The USD/CHF currency pair has rallied significantly during the trading session on Friday, as the 0.91 level has offered significant support.
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The British pound fell rather hard during the trading session on Friday after we have seen a major shift in attitude.
The USD/INR rallied during the trading session on Friday, initially pulling back to the 50-Day EMA before turning around and rallying quite significantly.