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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Ethereum tests $4,000 resistance, with a breakout potentially targeting $4,500, while $3,600 and $3,500 offer strong support in case of a pullback.
CAD/CHF consolidates below 0.63, with Canadian and US jobs data likely to shape moves toward 0.6250 support or 0.64 resistance.
USD/CAD remains range-bound near 1.40, with Friday's US and Canadian jobs data expected to drive momentum toward key levels at 1.39 or 1.41.
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The US dollar falls sharply against the Philippine peso after a rapid rise, with the market now eyeing the 50-day EMA as resistance and 57 PHP as a key support level.
The USD/JPY currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22.
Gold prices have remained relatively unchanged following Federal Reserve Chairman Jerome Powell's comments suggesting that the US economy remains resilient.
The USD/TRY pair has risen for the third consecutive day, maintaining its weekly gains while failing to break through the peak of 34.75 reached earlier in the week.
As we predicted earlier, the Euro will remain weak as long as economic and political tensions in the largest economies of the Eurozone persist and increase.
For two consecutive trading sessions, the GBP/USD currency pair has been attempting to rebound upwards.
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The New Zealand dollar did pull back a bit against the Japanese yen in the early hours on Wednesday as we continued to see a bit of Japanese strength in Asian and European trading.
The euro shot higher against the Aussie during the trading session gaining almost 1%, but did give back a little bit of the gains once we reached the crucial 1.64 level.
The euro has been all over the place during the trading session on Wednesday, as we continue to see a lot of noisy behavior in general.
The German DAX has rallied again during the trading session on Wednesday as we are now up about 1% towards the end of the session.
The CAC rallied a bit during Parisian trading on Wednesday, but it looks like the €7,350 level continues to be a bit of a barrier.
During my daily analysis of the USD/JPY pair, the first thing I noticed is that the US dollar slammed against the 50 Day EMA.