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
GBP/USD: Pivotal point at 1.2870
Japanese trade data released yesterday showed a contraction across the board, confirming the global economy remains under stress.
The US dollar exploded to the upside during the trading session against the Japanese yen on Wednesday, clearing the ¥110 level quite handily, and making a fresh, new high.
The S&P 500 rallied during the trading session on Wednesday again, as we continue to reach towards the 3400 level.
Following the release of the Australian employment report for January, the Australian Dollar regained stability with a bullish bias.
The NASDAQ 100 has rallied again during the trading session on Wednesday, as the US stock markets are starting to defy gravity again.
The Euro has rallied a bit during the trading session on Thursday to show signs of life, but quite frankly there are more than enough reason to think that the Euro will continue to fall apart.
The British pound has initially tried to rally during the trading session on Thursday, but then broke down below the 1.30 level to show signs of negativity again.
The Australian dollar went back and forth during the trading session on Wednesday, hanging around just below the 0.67 handle.
Bonuses & Promotions
EUR/USD: New 2.5-year low price again reached yesterday
The West Texas Intermediate Crude Oil market broke out during the trading session on Wednesday, breaking above the $52.50 level, an area that I thought was very crucial.
Natural gas markets did almost nothing during the trading session on Wednesday, as we had exploded to the upside on Tuesday.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets broke higher during the trading session on Wednesday, finding the ability to go to a fresh, new high.
The Bitcoin market has initially tried to rally during the trading session on Wednesday but failed to continue going higher and hang on to the gains.
Despite growing fears again about the bleak future of the second largest economy in the world due to the recent global Corona virus.