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 NASDAQ 100 rallied significantly during the trading session on Thursday considering that there was almost nothing out there as far as volume or news.
The British pound rallied significantly during the trading session on Thursday, breaking above the 1.30 level during the US session.
Natural gas markets rallied significantly during the trading session on Thursday, using the $2.20 level as a springboard.
The bitcoin markets rallied slightly during the trading session on Thursday, reaching towards the 7400 level.
The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday, as we continue to reach towards the highs of the overall consolidation area.
Gold markets have rallied a bit during the trading session on Thursday, as traders came back from Christmas.
With the expected return of volatility and a risk-off period, safe-haven assets will be in demand.
2020 is shaping up to be a turbulent year, and financial markets are not properly priced for it.
After Singapore reported a surprise plunge in industrial production, the NZD/SGD extended its advance, but signs of exhaustion are evident.
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Financial markets returned to work again after the Christmas holidays, and the price of the EUR/USD pair remained stable around the 1.1086 level at the time of writing.
With markets return to work again today after the Christmas holiday, the price of the GBP/USD pair rushed back up to the 1.2996 resistance.
The USD/JPY started trading today, Thursday, after returning from the Christmas holidays to launch to the 109.56 resistance.
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Volatility is anticipated to increase after traders return from their Christmas holiday break and start their 2020.
Selling pressure in the GBP/SGD faded after this currency pair descended into its support zone.