Silver experienced a dip at the outset of Wednesday's trading session, only to mount a resurgence, signaling the potential resilience of the bullish flag formation.
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 recent gains of the GBP/USD pair reached the 1.2428 resistance level, the highest resistance level for the currency pair in nearly two months.
The recent performance of crude oil markets has been turbulent, with the past few days witnessing notable fluctuations.
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For three consecutive trading sessions, the XAU/USD has been exposed to profit-taking selling, pushing it towards the support level of 1,948 USD per ounce.
The AUD/USD displayed limited movement during Wednesday's trading session, reflecting the prevailing sense of uncertainty in the markets.
The price of the EUR/USD has been moving in narrow ranges and stabilized around the level of 1.0710 at the beginning of trading on Thursday.
The USD/JPY pair is stabilizing around the 151.00 resistance level, recovering from losses that reached the 149.18 support level.
During Wednesday's trading session, the GBP/USD experienced a slight pullback, adding to the already turbulent market behavior we've been observing.
The Natural Gas market experienced a decline as the Wednesday trading session commenced, with prices hovering around the 50-Day Exponential Moving Average.
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The Gold market experienced a slight dip during Wednesday's trading session, only to rebound, showcasing signs of vitality once again.
The GBP/JPY displayed commendable resilience during the recent trading session, following its initial dip against the Japanese yen.
The EUR/USD faced a decline on Wednesday as bearish pressures continued to weigh heavily on this currency pair.
Resistance nearby at $37,179 may slow further upwards movement.
The Australian dollar continued its sell-off during the US and Australian sessions.
The EUR/USD pair bounced back in the American session even after the relatively weak European economic data.