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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Natural gas markets initially fell during trading on Thursday, as the inventory number came out a bit more bearish than anticipated, but something interesting has happened: buyers stepped in to pick up the market.
The Euro tried to rally during most of the session on Thursday but gave up the gains towards the end of the session.
Although we did see a bit of bullish pressure during the trading session on Thursday, the British pound also did see a bit of selling pressure.
The gold market tried to rally significantly during the trading session on Thursday after the ISM Non-Manufacturing figures came out softer than anticipated.
Bitcoin markets rallied a bit initially during the trading session on Thursday but found enough resistance near the highs of the last couple of days to roll over yet again.
The US dollar has fallen a bit during the trading session on Thursday, reaching down towards a support barrier based on the previous consolidation during the month of August.
The Australian dollar has rallied a bit during the trading session on Thursday to break the top of the hammer from Wednesday.
The S&P 500 initially fell during the trading session on Thursday, reaching down below the 200 day EMA which of course is a very important indicator on longer-term charts.
USD/CHF: How strong is the resistance zone?
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During the trading on Thursday, October 3, 2019, financial markets and investors in the forex trading market are on a date with the announcement of the Purchasing Managers' Index
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In our recent technical analysis, with the price of gold correcting down to the $1495 support, the lowest in nearly two months,
The single currency lacks momentum for gains against the other major currencies as the economic performance of the Eurozone continues to weaken, led by its largest economy, Germany.