The recent pressures on the US dollar helped the price of gold XAU/USD in the upward rebound with gains passing the resistance level of $1949 per ounce.
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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For four trading sessions in a row, the price of the GBP/USD currency pair moves in an upward rebound path with gains extending to the 1.2746 resistance level.
Since the start of trading this week the price of the currency pair USD/JPY has been subject to selling operations, pushing it towards the level of 145.55.
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The USD/JPY encountered downward pressure in Wednesday's trading session, primarily attributed to the consistent release of lackluster economic data from the United States.
The GBP/USD showcased a modest rally within Wednesday's trading session, successfully reaching the 50-Day Exponential Moving Average indicator.
The West Texas Intermediate (WTI) Crude Oil market demonstrated a measured increase during Wednesday's trading session, characterized by a backdrop of perceptible market turbulence.
The GBP/JPY displayed a notable surge in Wednesday's trading session, a move punctuated by breaking above the ¥185 level—a conspicuous, rounded figure with psychological significance.
The AUD/USD demonstrated a bullish tone throughout Wednesday's session, largely influenced by the ongoing moderation in United States economic indicators.
The NZD/USD has traded slightly lower in the past handful of hours, but the price movement of the currency pair follows a high not seen since the 11th of August.
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BTC/USD rocketed higher late Tuesday on news that a U.S. Appeals court ruled against the SEC and opened the door for a potential Bitcoin ETF to emerge.
EUR/USD: Violent Downside Battling Speculative Perspective
The S&P 500 experienced a modest rally during Wednesday's trading session, characterized by a period of uncertainty as market participants attempt to anticipate the next move.
USD/ZAR: Tumultuous Trading Mirroring Broad Forex Market
Silver has recently witnessed a substantial surge, marking an impressive upward trend over the past few weeks.
USD/INR: Move to Record Highs Followed by Reversal Lower