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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USD/INR: Rocket Ride Upwards Unlikely to be Forgotten Soon
Gold markets have been very noisy over the last few months, and September wasn’t any different
The NASDAQ 100 has been falling for a while, and the month of September has seen even more negativity.
The S&P 500 has seen a lot of volatility for the month of September, and October is likely to be more of the same.
Forex investors are trying to take advantage of the recent collapse of all currencies against the dollar, which jumped to its highest level in 20 years due to expectations of a US interest rate hike.
The renewed pullback in global markets has put more pressure on the British Pound. and all indications are that more losses are likely, which could lead to a retest of recent lows.
After three bullish trading sessions, the price of the USD/JPY currency pair moved with gains to the 144.90 resistance level, near the highest in 24 years.
The Turkish lira stabilized near its lowest level ever against the US dollar, as investors followed the statements of Turkish President Recep Tayyip Erdogan yesterday.
The Dow Jones Industrial Average jumped, rising in its recent trading at intraday levels, to break a series of losses that lasted for six consecutive days.
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Spot natural gas prices (CFDS ON NATURAL GAS) slightly decreased in recent trading at intraday levels.
Gold futures settled sharply higher since yesterday, with the US dollar declining and bond yields falling
The S&P 500 market initially fell during trading on Wednesday to reach down toward the 3600 level but then turned around quite drastically early in electronic trading as traders celebrated the fact that the Bank of England is going to start buying bonds.
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The FTSE 100 plunged during early hours on Wednesday, only to see a violent turn around after the Bank of England announced that it was going to step in and start buying bonds to fight the spike in-year-olds that we have seen over the last couple of days.
The EUR/USD has rallied a bit during the training session on Tuesday as we have seen a bit of a relief rally.