The gold market has been a very interesting one lately, with plenty of opportunities for traders to capitalize on.
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 EUR/USD experienced a pullback during Wednesday's trading session, although there is still a lot of market noise around the 1.09 level, which is a significant psychological area that has seen a lot of recent activity.
The WTI Crude Oil market was bearish during Wednesday’s trading session, indicating a possible gap fill as prices continue to fall towards the $77.30 level.
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The AUD/USD experienced choppy trading on Wednesday, with market volatility just below the 50-Day Exponential Moving Average (EMA) and near the 0.67 level.
The British pound held quite well on Wednesday and Thursday after a series of strong economic data from the UK.
The EUR/USD price was flat on Thursday as attempts to bounce back faltered.
Bitcoin and other cryptocurrencies dropped sharply on Wednesday after the relatively strong US banking results.
I wrote in my previous forecast that the AUD/USD currency pair was likely to continue falling, but the support level at $0.6726 looked likely to be strong so I was happy to look for a long trade there.
The GBP/USD showed a lot of volatility during Wednesday's trading session, as it oscillated back and forth without showing any clear direction.
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The S&P 500 index experienced a slight decline during Wednesday's trading session, as the market continues to maintain its bullish stance.
Silver has been struggling in recent trading sessions, as the market continues to exhibit a high level of volatility.
Natural gas has been facing bearish momentum over the last few sessions, despite a recent recovery.
The US dollar experienced some gains against the Japanese yen during the Wednesday session but ultimately gave back a significant portion of that gain due to high volatility.
The price of the TRY/USD settled near its lowest level ever against the US dollar, which it recorded during trading at the beginning of the week.
After trading near a high of almost 0.63150 on early last Friday, while coming in sight of important resistance levels