The USD/TRY rose slightly, as the pair moved towards its highest levels ever, with continued pressure on the Turkish currency and stock markets in the country after the latest measures of the Turkish Central Bank.
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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Lows continue to be tested within the NZD/USD as fragile global sentiment continues to keep the USD stronger against most major currencies, as speculators look for opportunities.
At the beginning of trading this week the EUR/USD exchange rate found support above its lows in July.
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The continued discrepancy between the aggressive policy of the US Federal Reserve and the Bank of Japan, which has negative interest rates, will support the survival of the bullish trend of the dollar pair against the Japanese yen.
The exchange rate of the British pound against the US dollar, GBP/USD, traded buoyantly above its recent lows yesterday, after entering the new week's trading in full swing.
The USD/BRL produced a gap lower upon opening after the weekend; the lows created early yesterday were sustained too, creating technical interest for today.
The price of gold continued its downward trend since the beginning of trading this week, in addition to the turmoil in the bond market.
In Tuesday's trading session, the Euro showed some resilience, managing to climb past the 1.09 mark, only to stumble a bit later on.
During this past Tuesday's trading session, the S&P 500 exhibited a modest rally, deftly surpassing the upper echelon of the hammer pattern that had taken form on the preceding Friday.
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The AUD/USD had a bit of a dip in its value during the trading session on Thursday.
During Tuesday's trading, the GBP/USD displayed a steady upward trajectory, briefly followed by a minor retreat.
Silver's persistent upward momentum is unmistakable as it inches ever closer to its intended target: the pivotal 50-Day EMA.
The GBP/JPY kicked off Tuesday's session with a rally, showing some initial strength.
During Tuesday's trading, the USD/JPY experienced an initial decline, only to reverse its fortunes and show signs of life.
Looking at the West Texas Intermediate Crude Oil market, it's slipped just a touch during Tuesday's session.