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 gold markets broke down significantly during the trading session on Thursday as we have pulled back from the $1750 level.
US economic data supports a more severe economic disruption than previously forecast.
With UK businesses slowly returning to an adjusted economic and social environment, the realization that a slow recovery lies ahead positions companies,
After China applied an 80% tariff on Australian barley imports over the next five years, citing anti-dumping practices, and barring certain beef imports,
The USD/JPY is still lacking the necessary momentum to complete the path of the recent rise, as recent gains stopped around the 108.08 resistance.
Although gold price stopped achieving stronger gains during yesterday's trading, despite the USD drop, reaching the $1754 resistance an ounce and stability around $1743 at the time of writing. However, the general trend is still bullish and ready to move towards new highs.
The GBP/USD is trying hard to avoid a breakdown below the 1.2200 support so that technically hopes of completing the upward correction does not evaporate.
A new attempt by the bulls to push the EUR/USD pair to breach the 1.1000 psychological resistance, which supports the last correction, but gains stopped around 1.0998 before settling around 1.0975 at the beginning of Thursday's trading.
The British pound tried to rally during the trading session on Wednesday but gave back the gains near the 1.23 level yet again.
Bonuses & Promotions
The Euro has rallied significantly during the trading session on Wednesday, reaching towards the 1.10 level.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of noise when it comes to trading this pair.
The Australian dollar has rallied significantly during the trading session on Wednesday, to test the 0.66 again.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 has rallied significantly during the trading session on Wednesday again, testing the 2970 level yet again.
The NASDAQ 100 has exploded to the upside during the trading session yet again on Wednesday, slicing through the top of the gap.
AUD/USD: AUD is a relatively strong currency