The USD/JPY demonstrated a notable surge throughout Thursday's trading session, reflecting traders' deliberation over the Federal Reserve's stance on maintaining tight monetary policy.
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.
Most Recent
The AUD/USD experienced a notable decline during Thursday's session, reflecting increasing trader attention towards the potential for hawkish actions emerging from the Jackson Hole Symposium.
The WTI Crude Oil market showed an initial attempt at recovery following a downward gap on Thursday.
Top Forex Brokers
The EUR/USD exhibited a relatively calm demeanor, showing slight negativity in the early stages of trading on Thursday.
The gold market displayed an initial attempt to rally during Thursday's trading session, only to surrender those gains and exhibit a sense of indecision.
The USD/TRY rose slightly, as the pair moved towards its highest levels ever.
During Wednesday's trading session, the USD/JPY encountered an initial dip but subsequently exhibited signs of recovery.
Amid Wednesday's trading, the gold markets exhibited a distinct upturn, leveraging the rebound off the 200-Day Exponential Moving Average as a source of momentum.
During Wednesday's trading session, the EUR/USD made an initial attempt to rally, albeit with limited success, as it encountered hurdles from PMI figures falling below expectations within the European Union.
Bonuses & Promotions
With the start of the Jackson Hole seminar, organized by the US Central Bank, the price of EUR/USD, tries to halt its recent losses.
The West Texas Intermediate Crude Oil market experienced a notable decline during the recent trading session, marking an early loss of 2%.
Since the start of this week's trading, the price of the GBP/USD currency pair has been trying to hold firm in the face of the strength of the US dollar.
For three trading sessions in a row, the XAU/USD gold price moved upwards, with gains that reached the $1922 resistance level, its highest in two weeks.
In the recent span of 24 hours, the British pound has been met with a notable wave of negativity, particularly following the release of PMI figures from the United Kingdom that fell considerably short of expectations.
For three trading sessions in a row, the price of the USD/JPY currency pair is exposed to profit-taking sale.