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 pulled back a bit again during the trading session on Thursday as we tested the ¥145 region.
The gold market initially tried to rally during the trading session on Thursday but gave back gains as we continue to see a lot of noisy behavior and a lot of questions about the interest rate market.
The DAX initially pulled back a bit, but traders in Frankfurt started pushing the market higher as they waited for the ECB interest rate decision.
The AUD/USD initially plunged during trading on Thursday, but the US dollar has been all over the place as people begin to speculate on what the Fed may or may not do going forward.
The exchange rate of the USD/TRY did not change during the early trading Thursday morning.
Prior to the announcement of a package of important US economic data, the USD/JPY currency pair is exposed to expected selling operations.
Gold markets have tried to rally during the trading session on Wednesday but continues to see a lot of trouble near the $1680 level.
In conjunction with the decline of the US dollar, the XAU/USD (gold) price finds the opportunity to rebound to its highest gains this week.
The exchange rate of the pound against the dollar, GBP/USD, rose more in the middle of this week’s trading, to reach its highest level since mid-September, with gains towards the 1.1645 resistance level.
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Bitcoin has rallied significantly during the trading session on Wednesday as we are now threatening the $21,000 level.
Ahead of the most important event for the euro pairs this week, the European Central Bank’s policy decisions, the price of the euro currency pair against the dollar, EUR/USD, moves amid a strong bullish momentum.
Spot natural gas prices (CFDS ON NATURAL GAS) stabilized at a rise in early trading on Tuesday.
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After trading to lows of nearly 5.1500 on Friday of last week as polls in Brazil suggested a closer than anticipated election result for President, the USD/BRL has now performed a strong reversal higher.
The Euro has broken above parity, and it looks like we are in the midst of some type of serious move to the upside.