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 Euro rallied a bit during the trading session on Thursday, but it still did not break above the top of the shooting star from Wednesday.
The NASDAQ 100 has rallied slightly during the trading session on Thursday, as we await the jobs figure on Friday.
The British pound has had a strong trading session during the day on Thursday, as we await the jobs figures out of the United States.
The S&P 500 rallied a little bit during the training session on Thursday, but we are all waiting for the jobs figure to come out.
The crude oil markets have rallied a bit during the trading session on Thursday as we await the OPEC meeting results.
The Australian dollar fell a bit during the trading session on Thursday, reaching down towards the bottom of the Wednesday candlestick as retail sales in Australia fell flat.
Bitcoin did gain just a bit during the training session on Thursday, but it was and lackluster trading.
Gold markets did very little during the trading session on Thursday as you would anticipate, mainly because we are awaiting the jobs figure.
The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as there have been a lot of back and forth traders in the market.
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After the USD/ZAR contracted into its support zone, bullish momentum started to recover and pushed this currency pair above the top range of its support zone.
Following the rejection in the EUR/AUD by its resistance zone as well as its ascending 61.8 Fibonacci Retracement Fan Retracement Level, more downside is likely to follow.
While the long-term fundamental outlook for the NZD/USD remains bullish, the current advance may be in for a pause before it can resume.
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Sign up to get the latest market updates and free signals directly to your inbox.The recent EUR/USD correction attempts were capped by the move towards 1.1116 resistance and the closest to 1.1120 resistance, which gives it the opportunity to break the downtrend as seen on the provided daily chart.
Gold gains stalled around the $1484 resistance, before settling around $1477.
AUDUSD: Less bullish on poor Australian economic data