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 displayed a marginal upward movement during Thursday's trading session, finding support near the 50-Day Exponential Moving Average.
The trajectory of crude oil markets encountered a subtle roadblock on Thursday, hinting at a possible onset of market fatigue.
The GBP/USD displayed a swift upward movement in response to the latest Consumer Price Index (CPI) readings from the United States, along with the unemployment claims data.
The GBP/JPY exhibited renewed strength during Thursday's trading session, fueling optimism that a significant breakout may be on the horizon.
The AUD/USD demonstrated a noteworthy surge in the Thursday trading session, propelling it toward the pivotal 0.66 level.
The USD/TRY stabilized, trading near new all-time highs.
The GBP/USD has produced choppy, almost whipsaw-like results the past week of trading as the currency pair lingers near crucial price realms early today.
The price range for BTC/USD this week has been rather bumpy, but after testing important support depths on Monday, Bitcoin has produced upwards movement.
Throughout this week's trading, the price of an ounce of gold is subjected to selling operations that pushed it towards the $1914 support level, the closest to testing the $1900 psychological support, which confirms the bears' control over the trend.
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For four trading sessions in a row, the bulls moved the US dollar against the Japanese yen, USD/JPY, to the upside.
In the middle of trading this week, the British pound came under pressure amid a bout of dominance between the dollar and the euro ahead of the release of US inflation data on Thursday.
The price of the EUR/USD currency pair is still moving in a narrow range, stable around 1.0975 at the time of writing.
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Sign up to get the latest market updates and free signals directly to your inbox.On the Wednesday session, the USD/JPY demonstrated its mettle by surging past the ¥142.50 benchmark, edging closer to ¥143.50.
The S&P 500 index encountered a dip during the early hours of Wednesday's trading session, momentarily diverging from its initial attempt to rally and challenge the resistance barrier just below the 4500 mark.
Bulls just cannot get the upper hand, and probably will not any time soon.