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 USD/BRL closed below the 6.1000 level yesterday, but financial institutions clearly remain nervous about outlook regarding the Brazilian Real as a shift in U.S politics gets set to occur.
Price action has made a weak bullish breakout beyond descending price channel.
USD/TRY advances as Turkey employs monetary strategies to stabilize the lira, while strong retail sales data highlights resilience amid inflation challenges.
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EUR/USD nears parity as stronger US economic data and inflation concerns drive selling pressure, with markets eyeing critical US inflation figures.
The GBP/USD pair remains in a strong downtrend, reaching 14-month lows as UK fiscal concerns and oversold technical indicators weigh on sentiment.
Gold nears $2700 as rising inflation expectations, geopolitical tensions, and strong ETF inflows bolster bullish momentum despite a firm US dollar.
USD/JPY continues its bullish trend, targeting 160.00 as rate differentials and strong US jobs data fuel upward momentum despite minor pullbacks.
The US dollar grinds higher against the Singapore dollar, driven by rising US rates and regional economic concerns, with resistance at 1.3750 in focus.
The Australian dollar remains under pressure against the Swiss franc, driven by weak Chinese economic signals and fading investor confidence in Australia’s outlook.
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The British pound continues its decline against the Swiss franc, driven by UK budget issues, political turmoil, and Switzerland's safe-haven appeal.
The Swiss franc weakens against the yen, testing key support near ¥171 amid diverging fundamentals and shifting global funding currency dynamics.
The US dollar continues its rally against the Philippine peso, driven by climbing US rates and technical factors, with eyes on the 59 PHP resistance level.
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The NASDAQ 100 tumbled as strong jobs data fueled interest rate fears, with Nvidia weighing on the index due to potential export ban risks.
The US dollar experienced sharp volatility against the yen due to strong US jobs data, but long-term trends point to sustained dollar strength.
The USD/MXN has returned to its higher values and is once again challenging what has turned out to be rather durable resistance vicinities since early November, however this time may prove different.