During Thursday's session, the West Texas Intermediate (WTI) and Brent crude oil markets experienced significant declines, primarily due to resistance at the 50-Day Exponential Moving Average (EMA).
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 AUD/USD experienced a decline during Thursday's trading session, testing the 200-Day Exponential Moving Average.
During Thursday’s trading session, the USD/JPY experienced a modest rally, indicating sustained upward pressure and a positive outlook for the currency.
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The S&P 500 saw a slight decline during Thursday's trading session as traders began to acknowledge the pull of gravity in the markets.
Silver finds itself at the 61.8% Fibonacci retracement level, a key point of interest for many traders.
The GBP/USD had a strong rally at the start of Thursday's trading session, as the upward momentum remained intact.
The GBP/JPY experienced an initial surge during Thursday's trading session, reflecting the upward pressure it has encountered over the past few weeks.
The trading of the TRY/USD stabilized during early trading on Thursday morning.
Despite US Central Bank Governor Jerome Powell's assertion of the possibility of raising US interest rates throughout the year 2023 until inflation is contained
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The GBP/USD exchange rate quickly gave back short-term gains in mid-week trading after the Office for National Statistics (ONS) indicated that inflation-taking could leak
BTC/USD is trading above 30,200.00 as of this writing and readers are urged to check this against the market price as they glance at this article.
XAU/USD gold prices fell to the support level of $1919 an ounce during yesterday's trading, before prices stabilized around $1935 an ounce at the time of writing.
US central bank officials affirmed the continuation of the US interest rate hike policy.
Traders who have had the courage to speculate on the USD/TRY and have been participating in the currency pair over the past week are likely looking at their technical charts a bit surprised.
The USD/JPY experienced a modest rally during Wednesday's trading session, indicating sustained upward pressure.