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 FTSE 100 has fallen rather hard during the trading session on Thursday to break down below the 6600 level.
The German index initially fell during the trading session on Thursday but has turned around to show signs of life again just below the 13,900 level.
The NASDAQ 100 has broken down significantly during the trading session on Thursday to turn around and form a massive hammer.
The S&P 500 has pulled back a bit during the course of the trading session on Thursday only to turn around and form a bit of a hammer.
The Euro has bounced a bit during the trading session on Thursday to reach towards the 50 day EMA as the 1.20 level has offered significant support.
The British pound has rallied rather significantly during the trading session on Thursday after initially pulling back.
The West Texas Intermediate Crude Oil market initially rallied during the trading session on Thursday only to turn around and sell off
The bitcoin market initially pulled back a bit during the trading session on Thursday to reach down towards the $51,000 level.
The US dollar has been all over the place against the Canadian dollar during the trading session on Thursday as we have seen oil pulled back just a bit.
Bonuses & Promotions
Gold markets initially tried to rally during the trading session on Thursday but then gave back the gains early to turn around and form an inverted hammer.
For five consecutive trading sessions, gold has been sold off, having plunged below the $1800 support level yesterday before settling around the $1777 level at the beginning of Thursday's session.
Despite the recent gains of the US dollar, the GBP/USD's losses did not exceed the 1.3830 support level, settling around the 1.3870 level as of this writing.
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Sign up to get the latest market updates and free signals directly to your inbox.The recent strength of the US dollar pushed the USD/JPY towards the 106.22 resistance level, its highest in five months, before settling around 105.85 as of this writing.
Low risk appetite has compensated the US dollar for its recent sharp losses.
While Ethereum may attempt to cross the psychological resistance level of 2,000, it is unlikely to follow Bitcoin higher in the short-term.