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 technical outlook for GBP / USD remains unchanged.
Since the beginning of Thursday's trading, the most important of this week, the price of gold is moving in an upward movement, which reached the $1502 resistance at the time of writing.
Investors continue to take risk appetite and the strengthening of the US currency amid recent optimism over the trade dispute between the US and China
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As the risk of a no deal Brexit appears to be averted for the time being, the GBP/USD was able to recover to the upside.
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During the session on Wednesday Gold markets rallied slightly after initially dropping lower, hovering around the $1500 level.
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The NASDAQ 100 rallied a bit during the trading session on Wednesday, testing the 7800 level before shooting higher in the air.
The WTI Crude Oil market fell rather hard during the trading session on Wednesday, even though the inventory number was very strong.
The stock markets rallied late in the day on Wednesday which of course is a very bullish sign as it signifies that institutional traders are jumping into the market, and such larger pools of capital such as retirement funds are buying stocks.
Natural gas markets pulled back a bit during the trading session on Wednesday, as the 200 day EMA has offered significant resistance during the day on Tuesday, forming a shooting star.
The Australian dollar went back and forth during the trading session on Wednesday, as we hover just below the 50% Fibonacci retracement level from the recent selloff.
The US dollar rallied again during the trading session on Wednesday, reaching towards the ¥108 level.