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 US dollar initially experienced a decline in its value against the Japanese yen, but it subsequently displayed signs of strength.
The US dollar initially fell a bit against the Canadian dollar during the trading session on Thursday but then turned around to show signs of strength as the CPI numbers in the United States came out a little hotter than anticipated.
The S&P 500 exhibited notable volatility during Thursday's trading session, prompted by the release of the Consumer Price Index (CPI) data, which registered slightly higher than Wall Street's preference.
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Silver's performance remains subdued as buyers appear to be elusive.
The gold market has experienced significant fluctuations, primarily influenced by the release of the Consumer Price Index (CPI) figures on Thursday.
The natural gas market has experienced some recent fluctuations, leading to concerns that it may be overextended.
The euro made an initial attempt at a rally but later retraced its gains, reflecting the ongoing consolidation within the market.
Crude markets have been experiencing a period of stability recently, characterized by sideways movement overall.
Bitcoin is experiencing upward pressure, with the potential for a breakout in the near future.
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The Australian dollar has a bit of fluctuation during the Thursday trading session, characterized by erratic trading activity.
The easing of expectations for the future tightening of the Bank of Japan's policy in the new year has allowed the bulls to push the price of the USD/JPY pair to gains that have reached the resistance level of 145.82.
Throughout this week's trading, the pound has shown notable resilience against the dollar's gains against other major currencies since the release of stronger-than-expected US jobs numbers.
Ahead of the release of the important US inflation figures later today, the price of the EUR/USD pair is trying to rebound higher, but its gains have not exceeded the resistance level of 1.0970, which is stabilizing around it at the time of writing.
BTC/USD received an official seal of approval from the U.S. government yesterday which allows retail traders to now pursue Bitcoin ETFs in the USA.
The USD/TRY has begun to gain bullish velocity upwards and financial institutions may be losing confidence in Turkey’s economic policies.