The British pound fell rather hard during the course of the trading session on Thursday to crash back into that uptrend line that has recently been taken out.
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 Euro initially tried to rally during the trading session, perhaps anticipating the ECB meeting.
The Australian dollar has pulled back against the greenback during the trading session on Thursday again, but still sees plenty of support underneath at the 50 day EMA to keep the market afloat.
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The bitcoin markets have fallen a bit to reach down towards the 50 day EMA again on Thursday, but also continues to see plenty of support underneath to turn things right back around.
The gold markets initially tried to break out above the 200 day EMA during the trading session on Thursday but gave back the gains to show the 200 day EMA to be rather resilient.
After achieving a solid amount of bearish activity, the USD/MXN has seen its trajectory run into stiff support levels the past two days.
DOGE/USD has seen a whirlwind of trading activity in the past week, and its time in the spotlight has created a dangerous speculative battle.
ADA/USD has crept higher the past couple of days as volatility remains a feature, and bullish activity continues to percolate.
Bullish over and under pattern forming neckline at 1.2050.
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ETH/USD has produced an incremental climb the past couple of days and its rather steady and calm traverse near highs should intrigue speculators.
The decline of the US dollar and renewed fears of increasing COVID infections contributed to moving the price of gold to the $1797 resistance level, closing in on the psychological peak of $1800.
It was natural, with the GBP/USD pair moving to the 1.4000 psychological resistance amid a sharp upward rebound, to be followed by profit-taking.
The USD/JPY's bearish performance was strengthened after it breached the 108.00 psychological support level, with losses to the 107.88 support level, before stabilizing around 108.05 as of this writing.
The bulls are trying to maintain the stability of the EUR/USD pair above the 1.2000 psychological resistance to confirm the bullish rebound.
The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Wednesday, slicing through a significant area of support at the $62.25 level.