The US dollar fell during the month of May against the Indian rupee, which should not be a huge surprise, as we have seen the US dollar fall in general.
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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 S&P 500 has been a bit choppy during the month of May, but as we head into June, it looks as if we are going to try to take off to the upside.
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Start the week of May 31, 2021 with our Forex forecast focusing on major currency pairs here.
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The DAX has pulled back just a bit during the course of the trading session on Thursday but found buyers underneath to pick up pieces of momentum.
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Bitcoin continues to sit just above the 200 day EMA, as we are looking at the 40,000 level through the prism of resistance.
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The S&P 500 has initially pulled back during the trading session on Thursday but found enough interest in the market to turn things around and send it back above the 4200 level.
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The FTSE 100 has gone back and forth during the course of the trading session on Thursday as we are sitting just above the 7000 handle.
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The NASDAQ 100 has pulled back just a bit during the course of the trading session on Thursday as we continue to sit still near the 13,700 level.
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The Euro has initially broken down below the 1.22 handle during the trading session on Thursday but turned around to show signs of life again.
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The British pound has rallied during the trading session on Thursday to reach towards 1.42 handle, in a sign that perhaps the pressure is starting to mount or a move to the upside.
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The Australian dollar simply sits at the 50 day EMA yet again during the trading session on Thursday, in a move that will put people to sleep if they pay too much of their attention to it.
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The West Texas Intermediate Crude Oil market has pulled back a bit to kick off the trading session on Thursday before shooting straight up in the air to try to break out
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The gold markets have initially fallen during the trading session on Thursday as the $1900 level has been crucial.
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Despite the dollar's recovery from its recent losses, gold prices continued to rise with sharp gains, reaching the resistance level of 1913 dollars per ounce.
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With the start of the US dollar's recovery, the British pound against the dollar was the most prepared for selling operations
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