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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Early in Thursday's trading session, the Australian dollar strengthened as we got closer to a significant resistance level.
Early on Thursday, the US dollar dropped significantly versus the Japanese yen, possibly as a result of traders taking note of Friday's nonfarm payroll announcement day.
During Thursday's trading session, the silver markets first declined, but they later recovered and began to show signs of life as buyers continued to hunt for value.
The continued turbulence in the crude oil markets, in my opinion, is an indication that momentum is building in a market that is running out of time before we begin to break out higher.
The natural gas markets are still exhibiting a lot of erratic behavior right above and around the critical $2.00 level.
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As more people chase the so-called "FOMO trade" that gold has become, gold markets have rallied during Thursday's trading session.
The USD/TRY pair maintained its gains in early trading on Thursday.
During yesterday's trading session, the GBP/USD pair rose by a third of a percent to reach 1.2744 after the US job quit rate fell.
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Since the start of today's trading session on Thursday, the USD/JPY exchange rate has been falling sharply as investors continue to bet that the Bank of Japan (BoJ) will start cutting interest rates soon.
Even before the recent decline in the US dollar, the gold price continued its sharp upward trend, with gains reaching the $2161 resistance level per ounce, a historic record high for the gold price.
US dollar exchange rates were broadly weaker on the day a US jobs survey revealed that fewer people are leaving their jobs each month to pursue higher-paying job opportunities.
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Sign up to get the latest market updates and free signals directly to your inbox.The crude oil markets rarely cease to find buyers these days, and I believe that a true breakout is probably just a matter of time.
Due to buyers reentering the market on Wednesday to make up for Tuesday's losses, silver prices are still quite erratic.
The natural gas markets are still teasing us with the possibility of breaking above the $2 mark, but I believe it is still too soon to assume that this will happen quickly.