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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Ahead of the release of a batch of important US economic data, the EUR / USD is stabilizing below the 1.1200 psychological support level, with stronger losses reaching the 1.1130 level, before settling around 1.1150 at the time of writing.
Since the beginning of this week, the performance of the GBP / USD pair frustrated Forex traders, as the pair is in narrow ranges amid downward momentum on the threshold of 1.2000 psychological support.
Gold prices recovered the losses of Tuesday's session, and rose to the $ 1524 level at the time of writing, with financial markets and investors absorbing the content
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The USD / JPY pair did not celebrate much with its recent gains, reaching the 106.97 resistance level, as the decline returned to 105.64 support before settling around 105.95
The Australian dollar has initially tried to break above the 0.68 level during the trading session on Wednesday but then broke down significantly again.
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The British pound initially tried to rally during the trading session on Wednesday but then turned around to show signs of exhaustion.
The Euro has rallied a bit initially during the trading session on Wednesday and then sold off rather drastically.
The S&P 500 has gotten hammered during the trading session on Wednesday, reaching down towards the 2850 handle.
The WTI Crude Oil market broke down significantly during the trading session on Wednesday as we continue to see a lack of demand globally.
The NASDAQ 100 has broken down significantly during the trading session on Wednesday as we approached the 7500 level.
Natural gas markets rallied a bit during the trading session on Monday, but then turned around to fall rather hard from the crucial $2.20 level.