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.
Most Recent
The S&P 500 rallied a bit on Wednesday as inflation came out as anticipated on the CPI numbers.
Bitcoin recovered quite nicely on Wednesday, gaining a little over 5% as the bottom looks to be trying to hold.
The Ethereum market rallied significantly on Wednesday to break up and away from the 200-day EMA in what is a very bullish sign.
Litecoin rallied significantly on Wednesday, gaining almost 6% at the time of writing.
The British pound rallied rather significantly on Wednesday as we continue to break out to the upside.
The euro has finally broken out against the US dollar, cleanly wiping out the 50-day EMA and even breaking above the 1.14 handle.
The GBP/USD pair held steady on Thursday morning as investors reacted to the latest American consumer inflation data.
The BTC/USD price continued its cautious recovery as investors predicted that the rising inflation in the United States may have peaked.
The AUD/USD price jumped to a key resistance level as the US dollar sold off following the strong American inflation data.
Bonuses & Promotions
The control of the bulls is getting stronger on the price performance of the GBP/USD currency pair.
There is no doubt that the recent decline of the US dollar allowed the price of an ounce of gold to continue recording its gains for the third consecutive session.
For the sixth day in a row, the price of the US dollar against the Japanese yen (USD/JPY) currency pair is moving amid a downward correction.
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Solana price reached its 50% retracement from its record high made last year just a few days ago at $130.
XRP/USD remains locked within a difficult bearish trend which has shown few signs of relenting.