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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EUR/USD: More bearish below 1.0814
With Covid-19 cases spreading outside of China, South Korea and Italy have entered crisis mode, safe-haven demand for risk-averse assets
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Moody’s Investors Service lowered its GDP forecast for South Africa, sparking fears that the March credit review will see the country’s credit rating downgraded to junk.
The Euro has gone back and forth during the trading session on Thursday, bouncing around the 1.08 level.
The US dollar has rallied a bit during the trading session yet again on Thursday against the Japanese yen.
The S&P 500 fell during the trading session on Thursday, showing signs of weakness yet again, but at the same region we continue to see buyers come back in and lift this market.
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The Australian dollar traded between the 0.67 level and the 0.63 level during the financial crisis 12 years ago, and it now looks as if we are ready to go back into that area again.
The NASDAQ 100 has fallen a bit during the trading session on Thursday, as we continue to see a bit of cautious behavior coming out of the marketplace
The British pound has initially fallen during the trading session on Thursday but did bounced just a bit to get back some of the losses.
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Natural gas markets shot higher during the trading session on Thursday, reaching towards the 50 day EMA but has pulled back to show signs of exhaustion.
The US dollar shot straight up in the air against Mexican peso during the trading session on Thursday, clearing the 18.80 peso level.