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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Gold markets rallied a bit on Wednesday as we continue to see the markets reach towards the massive downtrend line as well as the 200-day EMA.
The Australian dollar rallied significantly on Wednesday again, breaking above the psychologically and structurally important 0.75 handle.
The Bitcoin market rallied significantly on Wednesday to reach above the $66,000 level.
The British pound pulled back a bit on Wednesday to show signs of weakness and find buyers.
The euro initially pulled back just a bit on Wednesday but then turned around to show signs of life again.
The price is in a symmetrical bullish ascending price channel.
The GBP/USD price jumped to the highest level since September 16 as investors focused on the relatively weak US dollar.
The BTC/USD pair maintained its bullish trend in the overnight session as investors cheered the rising inflows into the new futures ETF and the relatively weaker US dollar.
The USD/ZAR has continued to move in a downwards slope and has achieved one-month lows yesterday and early today.
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XRP/USD has held onto a rather stiff consolidated path the past few days of trading and has begun to signal it is a potential speculative buying opportunity.
The bulls succeeded in pushing the price of gold towards the $1785 resistance yesterday, then retreating towards the $1767 support at the beginning of trading today before settling around $1776 as of this writing.
Risk appetite is not in favor of the safe-haven Japanese yen, which experienced sharp losses against the other major currencies.
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Sign up to get the latest market updates and free signals directly to your inbox.At a good and steady pace, the GBP/USD is moving in a correctional range, hitting the 1.3834 resistance before settling around 1.3785 as of this writing.
The EUR/USD has been in a cautious bullish correction range, moving towards the 1.1670 resistance before settling around 1.1640 as of this writing.
ADA/USD has continued to produce a rather demonstrative bearish trend, even as many other major counterparts have started to become optimistic again.