After four bullish trading sessions, in which the price of the GBP/USD currency pair moved towards the resistance level 1.2204, it was subjected to profit-taking sales.
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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Spot natural gas prices (CFDS ON NATURAL GAS) fell during their early trading on Thursday.
The USD/JPY exchange rate attempted to rally during Wednesday's trading session, reaching for the ¥135 level, an area that had previously acted as resistance.
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The USD/JPY is trading near the 133.180 ratios as of this writing.
Natural gas markets have been drifting lower during trading on Tuesday, and it looks like we're sticking to the downtrend for now.
The USD/INR is near the 82.6300 vicinity as of this writing with price velocity rather fast and quick changes in value being demonstrated.
Gold markets experienced significant volatility on Wednesday, primarily due to the noisy behavior in bond trading, which has a substantial impact on gold.
Brent markets attempted to rally, but were met with a "risk off trade" as Credit Suisse faced financial trouble.
The Australian dollar experienced a turbulent trading session on Wednesday, as it attempted to rally but faced resistance at the 0.67 level once again.
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The USD/CAD has rallied significantly during the trading session on Wednesday, to break toward the 1.38 level yet again.
The S&P 500, one of the world's most closely watched stock market indices, has been facing headwinds in recent trading sessions.
Silver has experienced a wild ride during Wednesday's trading session, shooting higher but also giving up a significant portion of its gains.
The European Union is grappling with fears of financial contagion following the news that Credit Suisse will not receive additional bailout assistance from Saudi financiers.
The GBP/USD experienced a significant decline during Wednesday's trading session, reflecting the increased risk aversion among investors worldwide.
My previous GBP/USD signal on 9th March was triggered as none of the key support or resistance levels were reached that day.