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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As traders continue to chase prices, the gold markets continue to see a lot of noisy behavior.
he EUR/USD exchange rate continued rising last week after the European Central Bank (ECB) decision and the US non-farm payrolls (NFP) data.
Bitcoin continued its spectacular comeback, soaring to a record high last week.
The AUD/USD pair jumped to a high of 0.6666 on Friday and then pulled back to 0.6625.
The Wall Street money inflow continues to be a significant factor in the bitcoin market, which saw a small rally in the early hours of Friday as we continue to test the all-time high.
Price close to a new 7-month high.
Short Content - Get the weekly Forex forecast for major currency pairs for the week of March 11-16, 2024 here.
Weekly Market Outlook: Crude Up, AUD/USD Breaks Resistance, NASDAQ Rebounds.
The early hours of Thursday saw a sharp decline in the S&P 500 Index, but it recovered and surged ahead of the New York session.
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Early on Thursday during the trading session, the Nasdaq 100 slightly declined, but it has since rebounded from the pivotal 20-day EMA.
The euro did not move much during Thursday's early hours as we remained near the 1.09 level.
Early in Thursday's trading session, the Australian dollar strengthened as we got closer to a significant resistance level.
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Sign up to get the latest market updates and free signals directly to your inbox.Early on Thursday, the US dollar dropped significantly versus the Japanese yen, possibly as a result of traders taking note of Friday's nonfarm payroll announcement day.
During Thursday's trading session, the silver markets first declined, but they later recovered and began to show signs of life as buyers continued to hunt for value.
The continued turbulence in the crude oil markets, in my opinion, is an indication that momentum is building in a market that is running out of time before we begin to break out higher.