The Australian dollar has shot straight up in the air during the trading session on Thursday, reaching towards the 0.6825 handle late in the day.
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 rallied a bit during the trading session on Thursday to reach towards the 1.1130 level, before running into a little bit of resistance.
The British pound went back and forth during the trading session on Thursday, as it was reported that Boris Johnson agreed to a deal in principle with the European Union, which now has to be ratified in Parliament.
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The US dollar has fallen significantly during the trading session on Thursday, using the 50 day EMA as resistance against the South African Rand.
Looking at the West Texas Intermediate market, you can see that we have rallied a bit during the trading session.
The Gold markets initially fell during the trading session on Thursday, dipping down towards the uptrend line underneath that makes up a larger wedge that I have drawn on the chart.
Natural gas markets initially rallied during the trading session on Thursday, as the inventory numbers came out.
The S&P 500 is going to continue to rally towards the upside but overall it’s likely that there is a lot of resistance extending to the 3025 level.
Today is the second and final day of the EU summit which yielded a new Brexit deal yesterday.
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After a strong rally in the NZD/USD, inspired by a combination of much weaker-than expected economic data out of the US and a short-covering rally in the extremely oversold New Zealand Dollar
On the daily chart below, it seems clear that the general trend of the EUR / USD continues to be bullish, as the pair holds steady above the 1.1000 psychological resistance, and successfully tested the 1.1085resistance, the highest in a month
For the sixth day in a row, the GBP/USD price continues to jump with gains reaching the 1.2877resistance level, the highest level in five months, before settling around 1.2826 in early trading on Thursday, amid optimism that a chaotic Brexit could be avoided.
Continued fears of the Federal Reserve for the future of the US economy amid continued trade wars led by the Trump administration consolidate expectations that the bank will continue to ease monetary policy to protect the economic growth of the country.