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 euro drifted a little bit lower during the trading session on Thursday as we continue to hang around the 0.8450 level.
The DAX rallied quite significantly on Thursday and as we continue to stretch higher, we are now well above the 21,000 euro level and probably overbought at this point.
The US dollar climb a bit against the Canadian dollar in early trading, as Canadian rates have dropped a bit, and of course we still have a complete mess in Ottawa.
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The British pound has stalled a bit and as I look at the chart, the 1.2350 level is an area that I think a lot of people will be paying close attention to.
In the early hours on Thursday, the euro did very little, as we continued to hang around the 1.04 level.
The US dollar had initially tried to rally during the trading session on Thursday but gave back gains showing signs of hesitation.
During the Thursday session, we have seen the US dollar rally against the Philippine peso, as the market continues to try to get to the 59 PHP level.
The Turkish Lira pair against the dollar stabilized in trading near its all-time low in early trading on Thursday morning. The pair's trading stabilized
Recent signals from Trump have strongly supported gold prices, with gains reaching a resistance level of $2764 per ounce, the highest level for spot gold prices
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The US Dollar against the Japanese Yen has been trading in a narrow range and a neutral position in recent trading sessions, but there have been attempts
The USD/INR is within the same price sphere it occupied at this time last week, but the currency pair over the past handful of days has certainly reacted to conditions in global Forex, yet with a calm hand.
As we predicted and confirmed, the attempts of the GBP/USD currency pair to recover remain weak and await further stimulus.
For three consecutive trading sessions, the EUR/USD pair has been moving in a corrective upward trend.
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The USD/ILS has fallen to values seen in the spring of 2023, this as financial institutions are clearly feeling more confident about their outlooks regarding Israel’s circumstances.
USD/MYR: The US dollar takes a dive against the Malaysian ringgit and the market looks to get noisy, with all eyes on the 4.4 level to see if USD it will hold a range or drop lower.