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 US dollar has rallied initially during the trading session on Thursday but looks to be running out of momentum just above the 1.26 level.
The Parisian index initially tried to rally during the trading session on Thursday but has given up gains as we approached the €7200 level.
The NASDAQ 100 has rallied significantly during the trading session on Thursday to make all-time highs yet again.
The S&P 500 has pulled back a bit on Thursday to show signs of weakness but found enough support at 4665 to turn things around.
Gold markets have fallen on Thursday but remain within the basic consolidation area that we had been in for a while.
The US dollar has rallied on Thursday but continues to struggle right around the 20.9 pesos level, as it is an area that continues offer plenty of resistance.
Bitcoin has initially tried to rally during the day on Thursday, but the $60,000 level could not hold as support.
The Euro rallied a bit during the course of the trading session on Thursday to break above the top of the hammer from the previous session.
The British pound initially dipped a little bit on Thursday, but then rose again as we continue to see an upward correction of the massive selloff.
Bonuses & Promotions
The US Dollar Index retreated from its highest level in 16 months after hitting a major technical resistance level on the charts.
The EUR/USD's attempts to correct upwards are still very weak, as the US dollar's gains are still helped by the imminent raising of US interest rates.
New indications from the Bank of England about raising interest rates contributed to the recovery of the pound against the other major currencies.
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Sign up to get the latest market updates and free signals directly to your inbox.For the second day in a row, gold is stabilizing around $1870 after recent sell-offs that pushed the price of gold to $1850 in this week's trading.
The USD/BRL traversed higher again yesterday and finished its trading within short-term highs, and speculators now need to decide if the trend can be sustained.
The USD/ZAR has been able to create a solid consolidated price realm the past couple of days after producing another bullish run higher on the 16th of November.