For three consecutive trading sessions, The USD/JPY exchange rate has been on an upward trend reaching the resistance level of 143.89 and stabilizing around it at the time of writing.
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/CAD has traded higher early this week as speculators have appeared to react nervously to the lows produced late last week.
The NZD/USD traded at lows yesterday before reversing higher, this occurred as light holiday trading continues to be demonstrated in Forex.
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The USD/TRY stabilized relatively during Thursday's trading, after a series of declines that continued throughout the week, as the lira fell to its lowest level ever near the psychological level of 30 lira per dollar.
The crude oil market experienced a initial decline during Wednesday's trading session but rebounded as we await the Johnson number scheduled for Friday.
Ethereum encountered some turbulence earlier today, dropping below the $2,100 mark, only to swiftly rebound and exhibit renewed strength.
Natural gas has exhibited a rather erratic pattern recently, initially declining but subsequently displaying signs of resurgence.
On Wednesday, silver experienced a decline, reaching a critical point at the 200-day Exponential Moving Average.
The US dollar made an initial upward move in Wednesday's session against the Japanese Yen, suggesting the formation of a potential basing pattern.
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Hard for Bitcoin to advance in current risk-off market environment.
The GBP/USD price moved sideways after the latest statement by Tom Barkin and Federal Reserve minutes.
The EUR/USD exchange rate reacted mildly to the December Fed minutes published during the American session.
The AUD/USD exchange rate retreated in the past four straight days as traders embraced a risk-on sentiment in the market.
The Australian dollar initially attempted to rise on Wednesday but quickly relinquished its gains as the US dollar staged a recovery.
Bitcoin experienced a significant drop in its value, plummeting to the $40,000 mark during the early hours of Wednesday.