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 GBP/JPY initially pulled back just a bit during the trading session on Thursday to reach down to the ¥160 level, showing signs of weakness, but then turned around from that large number to show just how tenacious this market is turning out to be.
The AUD/USD bounced back and forth during the trading session, breaking through the 0.71 level.
The West Texas Intermediate Crude Oil market has been very choppy during the Thursday session, as we initially looked very bullish, fell rather hard, only to turn around and look somewhat bullish again.
The GBP/USD has rallied significantly over the last several weeks, but during the day on Thursday, has seen a lot of choppy behavior with a 1.24 level offering resistance.
The Nifty 50 has fallen hard during the trading session on Thursday but still remains in the same rectangle that we have been in for a while.
Gold markets are behaving very much like stock markets, in the sense that they are simply grinding higher, and are not giving much in the way of an entry possibility for those of us who did not jump on it right away.
The BTC/USD initially tried to rally during the trading session on Thursday but seems to be sticking to the 23,000-level light blue.
The continued pressure on the US dollar before the announcement of influential US economic data contributed to the bulls achieving more gains for the EUR/USD up to the resistance level of 1.0926.
The continued weakening of the price of the US dollar remains supportive of the price of an ounce of gold XAU/USD in moving towards important resistance levels.
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Despite the weakness of the Japanese yen against the rest of the other major currencies, the pair of the US dollar against the Japanese yen USD/JPY was exposed to selling operations for two days in a row.
After sales recently happened to the GBP/USD currency pair against the American dollar, it declined in its wake in the middle of this week's trades reaching the support level of 1.2263.
The 1.31100 is now being flirted upon by the USD/SGD.
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Sign up to get the latest market updates and free signals directly to your inbox.The Turkish lira stabilized against the dollar, without major changes, during morning trading today, Thursday.
The GBP/USD currency pair has rallied a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior.
The Australian dollar has rallied again during the day on Wednesday, as we continue to see the US dollar get hammered on central-bank expectations.