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 US dollar has fallen pretty significantly during the early hours on Wednesday against the Mexican peso.
We broke above the inverted hammer from the previous session.
Gold was all over the place during the trading session on Wednesday as we are trying to sort out what to do next.
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We are trying to break above the 0.6550 level, which is an area that has been rather resistant.
We are doing what we can to form some type of basing pattern.
The market has broken above an inverted hammer from the previous session, which is quite often a very bullish sign.
I’ve noticed that the Philippine peso seems to be a bit of a now performer.
Although the price is taking its time to move, the technical picture remains basically bullish following the price making a new long-term high above $1.1000 a few days ago.
The GBP/USD exchange rate remained in a tight range.
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Bitcoin price lost momentum in the overnight session.
The AUD/USD exchange rate retreated in the overnight session.
The Japanese yen has declined to around 146 yen against the US dollar, retreating from its seven-month high of 141.68 as the unwinding of popular carry trades slowed while investors continued to assess the divergent monetary policies between Japan and the United States.
The GBP/USD currency pair has seen increased losses since the start of this week, extending its decline to the support level of 1.2662, its lowest in over a month.
The EUR/USD currency pair has maintained stability around and above the 1.09 level, following its climb to a seven-month high of 1.1008 dollars.
During yesterday's trading, the price of gold attempted to rebound upwards, gaining to the resistance level of $2418 per ounce.