Gold prices continue to slide as the strength of the US dollar and weak sentiment weigh on the precious metal.
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 the currency markets, one of the main themes has been shorting the Japanese yen and we continue to see that happen around the world.
The USD/ILS continues to test resistance levels, and after moving downwards on Monday and Tuesday, the currency pair displayed upside again showing nervousness within financial institutions.
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Price held within bearish channel for 21 days after major reversal.
Traders of the USD/PKR need to understand the costs of speculating on a brokers platform is going to have a lot of effect on the potential of the wager being profitable or not.
The AUD/USD exchange rate moved sideways even after odds of a Reserve Bank of Australia (RBA) rate hike rose.
The GBP/USD exchange rate continued retreating amid signs of divergence between the Federal Reserve and the Bank of England (BoE).
The EUR/USD pair wavered on Thursday morning as traders waited for the upcoming US GDP and inflation data.
The Parisian CAC initially tried to rally a bit during the early hours on Wednesday, but as we crossed the 200-Day EMA, we started to see selling pressure again.
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The S&P 500 rallied to kick off the trading session on Wednesday but has since turned back around.
The British pound has gotten hammer during the early hours on Wednesday as we continue to see a lot of chaos in the currency markets.
The euro initially fell again during the early hours on Wednesday but has since recovered against the British pound to continue the overall noisy consolidation that we have been in for some time.
The US dollar rallied rather significantly during the trading session on Wednesday.
The DAX was all over the place during the trading session on Wednesday as stock markets and risk assets all seem to be lost at the moment.
Bitcoin has been all over the place during the trading session on Wednesday, as we are trying to determine whether or not the market did successfully support the $60,000 level.