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.
Most Recent
The Australian dollar fell hard during the trading session on Wednesday, reaching as low as 0.6676 before bouncing significantly to form a hammer for the day.
Gold markets have exploded to the upside during trading on Wednesday, as central banks continue to cut interest rates.
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USDCHF Analysis: Slightly more bullish as 0.9700 continues to hold
EUR/USD's recent bullish correction attempts did not exceed the 1.1249 resistance level recorded during Tuesday's trading session
On the daily chart, the GBP / USD pair is showing a weak performance as the pair trades between the 1.2101 support and the 1.2209 resistance, and is stable around 1.2154 at the time of writing.
I mentioned in my latest technical analysis that the price of gold may head towards the 1500 psychological peak if it succeeds in testing the resistance 1462 and 1475 levels, and the 1490 resistance has already been reached.
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Investors continue to buy safe havens amid increasing global trade and geopolitical tensions, which will favor continued downward pressure on USD / JPY.
Silver: Bulls testing new 1-year high at $16.82
AUDUSD: Price falls to new 10-year low at 0.6677