The GBP/USD displayed a strong rally during Tuesday's trading session, breaking above the 1.2550 level.
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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 S&P 500 exhibited a significant rally during Wednesday's trading session, driven by a prevalent fear of missing out (FOMO) among traders.
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Silver experienced a back-and-forth trading session on Tuesday, reflecting the overall volatility in the markets.
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The NASDAQ 100 rallied a bit during the trading session again during the trading session on Tuesday, as we continue to see upward pressure.
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The EUR/USD experienced a slight rally during Tuesday's trading session, reaching the 50-Day Exponential Moving Average.
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Both WTI Crude Oil and Brent exhibit signs of recovery, with potential rallies towards key resistance levels.
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During Tuesday's trading session, the British pound demonstrated a significant rally, breaking above the key level of ¥175 once again.
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The AUD/USD currency pair has broken above the 200-Day EMA during the trading session on Tuesday, as we have cleared a major technical indicator.
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Gold markets exhibited a back-and-forth movement during Tuesday's trading session, hovering around the 50-Day Exponential Moving Average once again.
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The GBP/USD exchange rate bounced back on Tuesday after the US published strong jobs numbers and after the BoE governor pointed to higher interest rates.
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The EUR/USD rate jumped to the highest level since May 22 after the latest US inflation data pointed to a divergence between the Federal Reserve and the European Central Bank (ECB).
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The AUD/USD pair pulled back on Tuesday after it jumped to the key resistance level at 0.6800.
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My previous BTC/USD signal on 8th June was not triggered as none of the key support or resistance levels were reached that day.
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The TRY/USD traded stable against the US dollar during yesterday's trading on Monday and early trading on Tuesday morning, as the Turkish currency was relatively stable after a long series of losses.
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The S&P 500 initially attempted a rally during Monday's trading session, but gains were quickly reversed as the area above the 4300 level continues to pose a significant challenge.
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