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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After the Reserve Bank of New Zealand announced NZ$30 billion worth of domestic bond purchases, the NZD/CAD was able to complete a double breakout.
Australia announced its initial A$17.6 stimulus, an A$90 billion three-year funding facility created by the Reserve Bank of Australia
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Joining the chorus of interest rate actions, the South African Reserve Bank reduced interest rates to 5.25%, down 100 basis points.
The British pound initially rally during the trading session on Thursday but ran all the way to the 1.18 level before losing a bit of strength.
The US dollar rallied significantly during the trading session on Thursday as we continue to see a lot of volatility out there.
The Australian dollar has gone back and forth during volatile trading on Thursday, as the world tries to understand the impact of the coronavirus on global growth.
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The S&P 500 continues to find buyers at the 2350 level, an area that is crucial due to the fact that it was the blow from Christmas Eve of 2018
The NASDAQ 100 went back and forth during the trading session on Thursday, showing signs of stability yet again.
The Euro initially tried to rally during the trading session but found the area near the 1.10 level would be far too resistive to continue going higher.
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Sign up to get the latest market updates and free signals directly to your inbox.Silver markets gapped to the upside during the trading session on Thursday but then pushed back and forth in rather volatile trading.
The Bitcoin market broke higher during trading on Thursday, clearing the $6000 level quite handily.
The West Texas Intermediate Crude Oil market has gapped higher to kick off the Thursday session before breaking above the $25 level.