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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In my daily analysis of the German index, I can see that the DAX is struggling a bit to continue going higher.
Bitcoin has been somewhat negative during the trading session on Thursday as the 50 day EMA continues to offer a bit of resistance.
In my daily analysis of exotic currencies, the US dollar is very interesting to follow against the Malaysian ringgit as Malaysia, is pretty far out there when it comes to risks, appetite, spectrum.
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The British pound has rallied initially during the trading session on Thursday to break above the 1.31 level, but it looks like we are giving back some of the gains.
In my daily analysis of the Aussie dollar against the Japanese yen, the first thing I notice is that the 99 yen level has been a big barrier.
The US Dollar has declined significantly against other major currencies following the release of the minutes from the Federal Reserve's latest meeting, allowing bulls to drive the GBP/USD currency pair towards the resistance level of 1.3120, its highest level since July 2023.
Gold prices reached $2,520 per ounce on Wednesday, setting a new all-time closing high as more dovish expectations from major central banks lowered bond yields and favored demand for non-interest-bearing bullion assets.
The Japanese yen is hovering near its highest level in two weeks.
Amid a bullish momentum, the Euro has risen above $1.1170, its highest level since July 2023, as expectations of US interest rate cuts by the Federal Reserve have weakened the US dollar.
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The Euro has been very noisy during the trading session on Wednesday as we continue to bounce around the 0.95 level against the Swiss franc.
The USD/INR pair offers an absurd amount of challenges for speculators if they want to pursue wagers on direction.
The British pound has stabilized a bit during the trading session on Wednesday as the risk off move from the previous session has been somewhat abated.
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The price range of the USD/PKR exchange rate remains a bit like a rubber-band.
It’s worth noting that the market is now pressuring the 50-Day EMA, which of course is the indicator that a lot of people used to determine the overall momentum of the market.
The New Zealand dollar has gone back and forth during the course of the trading session here on Wednesday as we wait for the FOMC meeting minutes.