The euro went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level.
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 British pound has been all over the place during the trading session on Thursday, as the Bank of England raised interest rates by 50 basis points.
The US dollar has pulled back from the 50 Day EMA against the Japanese yen in trading on Thursday as we wait for the Non-Farm Payroll numbers.
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The Australian dollar has been back and forth during most of the session on Thursday as we have the Non-Farm Payroll numbers coming out for Friday.
The West Texas Intermediate Crude Oil market has finally broken down on Thursday as the market is starting to price and the idea of a recession.
The Euro has rallied on Thursday to show signs of continuation in the same range that we have been in.
Bitcoin markets initially tried to rally during the trading session on Thursday but then gave back gain.
Ethereum continues to look vulnerable as we have drifted lower yet again.
Gold markets have rallied rather significantly during the day, as we have gone back and forth during the trading session before shooting straight up in the air.
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The NASDAQ 100 has gone back and forth during trading on Thursday.
The S&P 500 Index did almost nothing during the trading session on Thursday as we continue to see this market bang up against a significant resistance barrier.
Despite the recovery of the US dollar during the recent trading sessions, the XAU/USD gold price is trying to hold its ground this week.
For three trading sessions in a row, the bulls are moving at the price of the USD/JPY currency pair to the upside until the US jobs numbers are announced tomorrow, Friday.
The recent selling operations witnessed by the GBP/USD currency pair stopped at the support level of 1.2100, bouncing back from the resistance level of 1.2293 and settled around the level of 1.2145
During the middle of this week's trading, the price of the EUR/USD currency pair is subjected to selling operations.