The continuation of the clear divergence between the policy of the Japanese Central Bank's indulgent policy and the Federal Reserve Bank
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 silver market experienced a significant decline during Tuesday's trading session, with a focus on the 200-Day Exponential Moving Average as a critical support level.
The natural gas market exhibited sluggishness and minimal activity on Wednesday, reflecting the typical quietness associated with summertime trading.
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The NASDAQ 100 has gone back and forth during trading on Tuesday as American traders came back to work after the Juneteenth holiday.
The gold market experienced a significant decline on Tuesday, primarily due to the strengthening US dollar.
The EUR/USD rate was in a consolidation phase on Wednesday morning ahead of the upcoming testimony by Jerome Powell, the Federal Reserve Chair.
Bitcoin price jumped to the highest level since May this year as sentiment in the industry improved.
The AUD/USD exchange rate declined after the strong US housing numbers and the latest minutes by the Reserve Bank of Australia (RBA).
My previous GBP/USD signal on 12th June was not triggered as there was no bullish price action when any of the key support levels were reached that day.
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The EUR/USD exchange rate trimmed May's losses in last week's trading, but the rise has already stopped near a stubborn level of technical resistance on the charts.
The GBP/USD exchange rate rose to its highest level in more than a year, with gains that reached the 1.2848 resistance level.
For three consecutive trading sessions, the price of the USD/JPY currency pair stabilized around its recent strong gains.
With the start of this week's trading, the XAU/USD gold price tried to maintain attempts to rebound to the upside, which pushed it towards the resistance level of $1967 an ounce.
Speculative bears in the USD/SGD have had to deal with a reversal higher this morning and the currency pair is now trading around the 1.34215 mark.