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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Get the weekly Forex forecast for major currency pairs for the week of February 04-09, 2024 here.
The natural gas market exhibited a slight decline during Thursday's trading session, signaling a prevailing negative sentiment.
Gold witnessed an initial rally during Thursday, but it soon exhibited signs of weakness, currently, it appears that the market is approaching a crucial juncture.
The euro experienced a decline during the trading session on Thursday, briefly falling below the 200-day Exponential Moving Average.
The USD/JPY currency pair initially had a minor retracement during the trading session but subsequently rebounded from the 50-day Exponential Moving Average.
The Australian dollar displayed a notable decline in the early stages of Thursday's trading session, approaching a pivotal juncture represented by the 0.65 level.
Silver attempted to rally during Thursday's trading session but ultimately retraced its gains, reflecting the persistently erratic behavior observed in the market.
The NASDAQ 100 displayed a modest uptick during Thursday's trading session, rebounding from the 20-day Exponential Moving Average.
Bitcoin experienced a minor decline during the Thursday trading session, which coincided with the anticipation of the Non-Farm Payroll announcement on Friday.
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The S&P 500 demonstrated a modest rally during Thursday, reflecting the cautious stance of traders in anticipation of the impending NFP announcement set for Friday.
Crude oil markets commenced the Thursday session with a positive trajectory, as they continue to find support near the 50-Day Exponential Moving Average.
The euro dollar pair fell to the support level of 1.0794 before settling around the 1.0820 level at the start of today's Thursday session.
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The British pound vs U.S. dollar [GBP/USD] was traded cautiously within a range between 1.2750 and 1.2657.
The gold price [XAU/USD] remained within its recent gains which extended to the resistance level of $2056 per ounce, the highest for it in two weeks.