The S&P 500 rallied slightly during the trading session on Thursday, using the 2675 level as a bit of a floor.
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.
Most Recent
It seems that the yellow metal is trying to close the last trading of 2017 higher, as the gold prices achieved gains pushing the price toward 1280 an ounce
For the 4th day in a row, the USD/JPY is moving in tight ranges trying to avoid dropping below support at 113.00 to avoid more bearish pressure.
Top Regulated Brokers
For the third day in a row, the GBP/JPY fails in settling on top of the resistance at 152, and it seems clear on the GBP/JPY chart that the pair is moving in tight ranges
There is an increase of risk appetite among investors despite thin liquidity in the markets due to holiday season, however, the EUR/JPY succeeded in testing a new record
Weak upward bounce for the GBP/USD, which is the lowest gainer with a retreat of the US dollar, as gains didn’t go beyond 1.3429
The EUR/USD moved again through the resistant at 1.1900 with continued pressure at the greenback, as the US Index tested the 92.96 DXY level
Gold prices ended Wednesday’s session up $4.34 an ounce, supported by a lower U.S. dollar index.
The euro rallied again during the trading session on Wednesday, breaking towards the 1.19 level.
Bonuses & Promotions
The WTI Crude Oil market fell a bit during the trading session on Wednesday, but obviously on very low volume.
The US dollar did almost nothing against the Japanese yen during the trading session on Wednesday, as most people are away from the currency markets.
The S&P 500 was pretty quiet during the Wednesday session, which of course is what you would expect in a thin environment.
If gold manages to test the resistance at 1283 an ounce, the highest level for the precious metal in 3 weeks, it would be a good chance for it to move towards the psychologically important peak at 1300.
It seems clear on the GBP/JPY chart that the pair is moving in tight ranges with slight bullish bias awaiting stronger catalysts for the GBP to overcome the resistance at 152.00 for a stronger bullish chance.
Technically, the EUR/JPY upward chance is still stronger as shown on the daily chart.