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 US dollar got crushed during the trading session on Wednesday, breaking through the 76 Rupee level as the Federal Reserve has reiterated their desire to stimulate the economy until employment is back to where it once was essentially.
The silver markets initially pulled back during the trading session on Wednesday but found enough buyers to turn things around and reach towards the top of the previous candlesticks from the week.
The markets continue to find buyers in general as we have reached towards the $1700 level only to find quite a bit of buying pressure to form a massive hammer.
Yesterday’s first-quarter GDP data out of the US showed a steeper contraction together with a rise in inflation, representing the most unfavorable combination for the US Federal Reserve to address.
UK Prime Minister Boris Johnson urges patience when it comes to easing lockdown restrictions.
GBP/USD: Bulls so far unable to break big round number at 1.2500
EUR/USD: Pivotal Point @1.0814
Eurozone sentiment data was reported below already depressed expectations, presenting the latest sign the economy is in significantly worse shape than forecast.
Australia’s and New Zealand’s Covid-19 response is being hailed by many in the international community.
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While I do not do a lot of analysis on the Swedish krona, I do see an interesting set up in this chart that should be paid close attention to.
The US dollar has spent most of the month of April grinding lower against the Japanese yen, clearing the crucial ¥107 level, an area that had been massive support previously.
The New Zealand dollar has enjoyed a resurgence during the month of April, as we have seen a lot of “risk on” behavior in stock markets around the world as well as other assets.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro has spent the better part of the month of April going sideways in a relatively tight range.
The Canadian dollar has been a bit of an enigma as of late, as it has held up rather well considering just how drastic the selloff in crude oil has been.
During yesterday's trading, crude oil prices fell sharply, then rebounded back and then stabilized after that, but the pressures remain.