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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With the slow return of a risk-off mood, the Swiss Franc is attracting bids due to its safe-haven status.
Yesterday’s surprise vote by two of the nine MPC voting members of the Bank of England in favor of an interest rate cut further rattled the British Pound.
The Euro initially tried to rally during the trading session on Thursday but gave back the gains to rollover as the 1.11 level has offered enough resistance to turn things around.
The US dollar initially fell during trading on Thursday but found a lot of buying underneath to push the market higher.
The S&P 500 went back and forth during the trading session, initially rallying due to the idea that the Americans and the Chinese both are getting ready to cut tariffs
The British pound has fallen a bit during the trading session, after the Monetary Policy Committee surprised traders by having a couple of dissenters suggest
The NASDAQ 100 has initially tried to rally during the trading session on Thursday but has found enough resistance above the 8250 level to turn around and form a massive shooting star.
The Australian dollar initially broke down during the trading session on Thursday but have turned around after headlines came out that the Americans and the Chinese are likely to cut tariffs
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Thursday, as we have recovered all of the losses from the very bearish Wednesday session.
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Bitcoin markets have rolled over slightly during the trading session on Thursday, as we continue to grind just below the $10,000 level.
Natural gas markets have been very noisy during the trading session on Thursday, as the inventory figures came out much more bullish than anticipated.
Gold markets got hammer during the trading session on Thursday, as we have broken below the important $1475 level.
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Sign up to get the latest market updates and free signals directly to your inbox.After the European Commission lowered its growth forecast for 2019 and 2020 and the IMF issued a warning on the European economy as a whole, the Euro was faced with an accelerated sell-off.
Consumer credit in the US came in well below expectations in September and dropped sharply as compared to August.
Despite the return of the Japanese yen strength against other major currencies, the price of USD/JPY maintained its bullish momentum and losses did not exceed the 108.65 support, and gains this week reached the 109.24 resistance level the highest level in three months.