The FTSE 100 tried to rally during the trading session on Thursday but continues to struggle near the all-time high.
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 S&P 500 has pulled back during the trading session on Thursday to show signs of weakness at the 4700 level yet again.
The NASDAQ has broken down a bit during the trading session on Thursday to break towards the 16,150 level.
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The Euro has fallen rather hard during the trading session on Thursday, wiping out most of the gains from Wednesday.
The Bitcoin market continues to underperform a lot of other crypto assets, breaking below the $50,000 level.
The Australian dollar slow down a bit during the trading session on Thursday, as the Australian dollar has perhaps bounced a bit too hard.
Gold markets have gone back and forth during the course of the trading session on Thursday as it seems like we do not have anywhere to be.
The British pound initially fell during trading on Thursday but found enough support just below the 1.32 level to attract buyers.
The USD/BRL has created a short-term bearish trend since a high of nearly 5.7000 on the 6th of December, and important support levels are now in sight.
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ETH/USD has seen a steady and rather incremental price recovery this week after last weekend’s decline, but trading this morning is showing signs of value erosion.
Global geopolitical tensions pushed investors to buy gold, which rose to the $1793 resistance before settling around $1783 as of this writing.
Concerns in Asia about the economic situation in China calmed a bit, leaving room for risk appetite.
Speculations that Britain would impose restrictions to contain the outbreak of the Omicron variant increased the suffering of the British pound against the other major currencies.
Amid the relatively calm state of risk aversion, the EUR/USD gained some momentum and moved to the 1.1340 level, after recent selloffs pushed the pair towards the 1.1227 support level this week.
The pair's direction is unclear ahead of tomorrow’s US inflation data release.