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 Swiss franc has shown itself to be very noisy over the last couple of days against the Japanese yen and I find that very interesting considering that the market is likely to continue seeing a lot of noise.
The GBP/USD exchange rate was in a tight range on Tuesday morning ahead of a series of important economic data from the UK and the US.
The euro wavered against the US dollar as traders focused on the upcoming US and European economic numbers.
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Bitcoin retreated slightly as traders waited for important economic numbers from the United States.
Last week’s strongly bullish move has continued to push the price higher, helped by improved risk sentiment and a stronger Aussie, but the move may now have run out of steam as it transitions into a bullish consolidation.
USD/TRY Forecast: Bullish at 33.50, target 33.75; Bearish at 33.75, target 33.50. Lira mixed as Turkish central bank intervenes amid financial volatility.
As of this writing, the GBP/USD currency pair was trading at $1.2756. Last Friday, it attempted to rebound upwards, but its gains did not exceed the resistance level of 1.2773.
The USD/JPY currency pair has stabilized modestly in recent days as some traders continued to buy the dip.
The EUR/USD pair failed to sustain its gains at the beginning of the week, reaching the resistance level of 1.1008, the highest for the pair since the beginning of 2024.
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Gold prices stabilized at the end of last week after a sharp rise in the previous session, as new US economic data eased recession fears, making the safe-haven metal less attractive to investors.
The British pound has risen slightly against the US dollar during Friday trading as we continue to see a lot of noisy behavior.
The US dollar has stabilized a bit during the trading session on Friday against the Mexican peso near the 18.83 level.
The British pound has gone back and forth during the course of the trading session on Friday, showing a little bit of hesitation
The US dollar initially did rally a bit during the trading session on Friday but gave back gains as it looks like a significant amount of resistance is sitting just above.
The CAC Courant initially tried to rally during the trading session on Friday, but we've seen French equities give up some of the gains showing signs of hesitation.