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 trading session on Thursday brought an initial stumble for the British pound as it slipped beneath the 200-Day Exponential Moving Average.
The silver market exhibited a slight retreat in the early stages of Thursday's trading session, only to swiftly reverse course and display renewed momentum.
The gold market has been volatile yet again during the Thursday trading session, just like we had seen during the Wednesday session.
The EUR/USD displayed a fair amount of noise and confusion in Thursday's trading session, leaving market participants grappling with uncertainty.
The Turkish currency stabilized during early trading today, as the dollar/lira pair traded near its highest levels ever.
After hitting a high yesterday that almost matched a value made on the 11th of October, the NZD/USD has pulled back and is now trading at levels seen around the 6th of November.
The USD/BRL has correlated well with global Forex; a swift decline on Tuesday was met with sustained lower value.
Crude oil markets observed a decline in Wednesday's trading session, as the overarching concerns about the state of the economy persist.
The USD/JPY experienced a substantial upswing against the Japanese yen in the trading session on Wednesday, reflecting the ongoing volatility in the market.
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The NASDAQ 100 initially rally during the trading session as it look like Wednesday was going to be more of the same that we had seen during the Tuesday session.
The GBP/USD had a slight retracement in the midst of Wednesday's trading session, reflective of the persistent turbulent activity in the market.
The recovery of the US dollar and profit-taking selling were factors that helped in a downward correction for the price of gold XAU/USD towards the level of 1955$.
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Sign up to get the latest market updates and free signals directly to your inbox.Recently, EUR/USD had rallied to the 1.0888 resistance level, its highest since February, supported from data.
The S&P 500 exhibited overnight gains as traders increasingly bet on the Federal Reserve's reluctance to raise interest rates further.
The GBP/USD retreated to the support level of 1.2403 after lower-than-expected UK inflation figures and is stabilizing around the 1.2413 level at the start of the Thursday session.