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 was flat on Tuesday and Wednesday as investors showed no interest on the flash manufacturing and services PMI numbers.
The GBP/USD price drifted lower as technical chart patterns pointed to more weakness. It pulled back to 1.2260 after it rose to a monthly high of 1.2452 on Monday.
The euro continued moving sideways as investors continued reading the Fed and European Central Bank (ECB) tea leaves after the weak economic data.
The EUR/USD exchange rate entered the new week's trading at its highest level in nine months.
Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Tuesday, to consolidate their gains yesterday.
With the start of this week's trading, the Japanese yen declined in general against the rest of the other major currencies.
The GBP/USD exchange rate rose near its highest levels in six months.
The Dow Jones Industrial Average advanced its recent trading on the intraday levels, to achieve gains for the second session in a row, by 0.76%, adding the index to it about 254.07 points.
At the beginning of this week's trading, XAU/USD gold prices declined.
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The TRY/USD recorded stability during morning trading today, Tuesday.
In a twist of irony, the Nifty 50 has been walking along the 50-Day EMA, which of course, is flat.
The NASDAQ 100 has rallied significantly during the trading session on Monday, as we continue to see more of a “risk on” attitude in the United States,
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/INR is near values traded last Wednesday, but what happened between then and now shows a large amount of volatility which is likely to continue.
The S&P 500 rallied during the trading session on Monday, slamming into the downtrend line that has been so crucial.
The NZD/USD is near the 0.65040 ratios as of this writing as the currency pair seemingly shows the ability to sustain higher values.