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 NASDAQ 100 fell during trading initially on Thursday, only to turn around and show signs of strength again.
The Ethereum market initially tried to rally during the trading session on Thursday only to turn around and fall just below the $4500 level.
Bitcoin fell on Thursday to show signs of weakness, as the market has reached towards the 56,000 level only to turn back around.
The German index continues to bounce around the 200 day EMA as we have seen a lot of consolidation in this general vicinity.
The S&P 500 has rallied significantly during the course of trading on Thursday to wipe out the losses from the Wednesday session.
The US dollar initially fell against the South African Rand on Thursday but has bounced quite significantly to break back towards the 16 Rand level.
The US dollar has gone back and forth during the trading session on Thursday as we hang around the ₹75 level.
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The WTI Crude Oil plunged on Thursday, as OPEC announced that it was going to go ahead and continue the schedule of increase production.
Gold markets plunged during the trading session on Thursday, as we have broken through a significant uptrend line.
Silver finally stabilize as the markets finally slowed the massive selling pressure that had been so pervasive the last several sessions.
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Sign up to get the latest market updates and free signals directly to your inbox.Amid a temporary halt in the gains of the US dollar, gold found the opportunity to achieve gains yesterday, but they did not exceed $1794, instead settling again around $1775 as of this writing.
The USD/JPY's attempts to recover were still weak yesterday.
Bearish momentum continues to dominate the GBP/USD amid a general risk aversion in global markets as investors balance the strength of the new COVID variant and its impact on the future of the global economic recovery.