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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Gold has shot higher during the trading session on Thursday, as the Swiss National Bank has cut rates.
Gold prices are trading higher today, Thursday, reaching a two-week high of $2345 an ounce as slowing US economic performance has raised expectations that the Federal Reserve may cut interest rates this year.
The bears’ control over the EUR/USD pair continues, and it is stable around the 1.0730 support level at the time of writing the analysis.
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According to recent trading, the pound has strengthened against its US dollar counterpart.
The yen weakened further, falling below 158 yen per dollar in Thursday trading, at risk of slipping further to its lowest in 34 years.
The USD/BRL touched a high of nearly 5.4820 yesterday before selling off and closing around the 5.4235 ratio.
The USD/ILS has moved towards the 3.70950 level in early trading this morning as some selling has been displayed.
The US dollar has rallied a bit during the course of the trading session, showing signs of life near the 367 forint level.
The US dollar has gone sideways against the Thai baht over the last several trading weeks.
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The AUD/USD pair rebounded to its highest point since June 12th as market participants predicted that the Reserve Bank of Australia (RBA) could decide to hike interest rates later this year.
The US dollar has fallen rather significantly over the last couple of days against the Russian ruble.
The Swiss franc has been somewhat quiet during the trading session on Wednesday, but while you were not paying attention, it had spiked quite radically against several currencies.
The US dollar has bounced a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior in the US dollar versus Indian rupee pair.
Bitcoin price has remained under intense pressure in the past few weeks as demand for the coin continues to wane.
The GBP/USD exchange rate wavered after the UK published encouraging inflation data ahead of the important Bank of England (BoE) decision.