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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Gold markets initially rally during the trading session on Thursday to reach towards the same resistance barrier that we have been fighting for several sessions.
The Australian dollar initially pulled back a bit during the trading session on Thursday but turned around to show signs of life again.
The Bitcoin market has rallied significantly during the course of the trading session on Thursday to show signs of life again at the $60,000 level.
The British pound has rallied significantly to break above the top of short-term range, but we still have to worry about the 1.3825 area as resistance.
The Euro has rallied significantly during the course of the trading session on Thursday to reach towards the 50 day EMA.
DOGE/USD was hit by a surge of buying early this morning which likely surprised its speculators and perhaps a handful of analysts.
The EUR/JPY has moved towards two-week lows as important support appears to be under siege currently, and presenting a speculative opportunity for traders.
The USD/BRL moved lower in trading yesterday and is near interesting short-term support levels after the Brazilian central bank increased interest rates.
The USD/INR has seen bearish momentum generate power in early trading this morning and important support levels have proven vulnerable.
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A major bearish reversal is possible at 0.7550.
Despite the recovery of the US dollar, gold is stabilizing around the psychological resistance level of $1800 as of this writing.
The US dollar pairs in the Forex market are looking to the announcement of the US economic growth rate today.
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Sign up to get the latest market updates and free signals directly to your inbox.Today's trading session is crucial for the euro's performance against the rest of the other major currencies, as the European Central Bank will announce its monetary policy decisions.
The GBP/USD pair's bullish attempts to complete its ascending channel lacks strong momentum, which explains the recent performance of the currency pair, which has settled around the 1.3725 support level.
The price is bearish below $1.1623.