The S&P 500 has pulled back during the trading session on Thursday, but then turned around to show signs of strength again as we ended up forming a hammer.
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 US dollar shot straight up in the air during the trading session on Thursday as retail sales came out much stronger than anticipated.
The Australian dollar has fallen a bit during the course of the trading session on Thursday as the 0.73 level has finally been pierced.
Top Forex Brokers
The Bitcoin has rallied ever so slightly to reach towards the $50,000 level but is clearly running out of some of the momentum seen over the last couple of days.
The Euro has broken through major support during the course of the trading session on Thursday as we have broken through the 1.18 level again.
The British pound got absolutely crushed during the trading session on Thursday as the US retail sales came out much stronger than anticipated.
The Bitcoin price is currently trading at $47,908, which is about 12% above the lowest level last week.
The GBP/USD pair tilted upwards in the overnight session as traders continued to reflect on the strong UK inflation and mixed US production numbers.
The EUR/USD remained in a consolidation mode as the market reflected on the recent inflation and industrial production numbers from the US.
Bonuses & Promotions
The AUD/USD pair declined slightly during the overnight session after the relatively weak Australian jobs numbers.
The Parisian index fell significantly during the course of the trading session to peak below the uptrend line that has been so important for a while.
The German index went back and forth during the course of the trading session on Wednesday, as we continue to dance around the 50 day EMA.
Bitcoin has rallied again during the trading session on Wednesday, to show signs of recovery yet again.
The S&P 500 has rallied significantly during the course of the trading session on Wednesday to wipe out the losses of the Tuesday session.
The NASDAQ 100 initially fell on Wednesday to reach down towards the 15,300 level before turning around and showing signs of strength again.