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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Bitcoin might be approaching a major bearish breakdown.
The GBP/USD exchange rate continued its recovery this week as market participants waited for the upcoming jobs numbers.
The EUR/USD pair rose to its highest level since June 12th as the US dollar index continued its downtrend.
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The Australian dollar soared to its highest point since January after the weak ADP jobs report and Federal Reserve minutes.
The US dollar has fallen rather significantly during the trading session on Wednesday against the Norwegian Krone.
The New Zealand dollar has rallied a bit during the trading session on Wednesday, as we have seen quite a bit of momentum.
The euro initially did try to rally a bit during the trading session on Wednesday, but at this point we are still hanging around the same gap that we had formed a couple of weeks ago.
GBP/USD surged unexpectedly after comments by the Federal Reserve Chair were seen by analysts and market participants as increasing the odds of a September rate cut.
For two days in a row, the EUR/USD price failed to break above the 1.0750 level and the euro’s gains faltered after policymakers indicated that they needed more evidence that price pressures were under control.
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A pause in the dollar's advance allowed gold prices to rebound, reaching a high of $2344 an ounce at the time of writing, the highest in two weeks.
The Japanese yen's losses widened to over 161.90 against the US dollar, falling to its lowest level in 38 years due to the glaring interest rate differentials between Japan and the US.
The US dollar initially did try to rally a bit during the trading session on Thursday, but we continue to simply bounce around in this pair due to just the lack of any real momentum.
The British pound initially pulled back just a bit to look for support during the trading session on Tuesday as we are reaching towards the 200 day EMA.
The currency pair last week was certainly traversing mid and long-term higher ratios.
The NZD/USD is near its monthly low, but still traversing the higher elements of three month technical charts.