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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During my daily analysis of the gold market, I continue to look at the upward trajectory as being important, and the market pulling back to the $2600 level is being met by quite a few buyers.
As you can see, the British Pound has pulled back just a bit during the trading session on Thursday as we continue to dance around the 1.30 level.
The Canadian dollar initially tried to rally against the yen, but then fell rather hard as we continue to see a lot of volatility.
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The ASX200 initially tried to rally a bit during the trading session on Thursday, only to turn around and show signs of weakness.
The NASDAQ 100 initially fell during the trading session on Thursday, but it now looks as if it is trying to take off to the upside.
The silver market rallied a bit during the early hours on Thursday as we continued to bounce after the significant sell off.
The dollar-lira pair maintained its stability in the overall trading of this week. The pair traded around 34.20 liras per dollar, amidst the Turkish currency's orbital movement by the country's financial and monetary authorities.
Amidst a divided Federal Reserve on the size of US interest rate cuts in September, the EUR/USD exchange rate moved towards the support level of 1.0936, its lowest in seven weeks.
The Japanese yen has declined below 149.50 yen against the US dollar, heading towards its lowest levels since early August.
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After all, the Australian dollar is a commodity currency and therefore it does tend to move higher when there's more risk on behavior and at the other end of the spectrum you have the Swiss Franc which of course tends to strengthen when there is a serious decrease in risk appetite.
Traders of the USD/INR have been treated to another round of Reserve Bank of India governance regarding the currency pair as the higher price realms have again taken hold.
The New Zealand dollar has plunged during trading on Wednesday.
The US dollar had been sold off quite drastically against the Singapore dollar for some time, but the last couple of weeks have been very bullish for the greenback.
USD/MYR: Break above 50 Day EMA could push to 4.50. Watch for breakdown below 4.23 to target 4.1250.
The AUD/USD pair continued its downward momentum