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.
Forex Technical Analysis
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Forex Technical Analysis
The DAX rallied significantly on Thursday but also seems to be struggling right around the previous uptrend line that had been so widely followed.
The FTSE 100 has pulled back a bit on Thursday, as we had reached towards the gap that had previously been a major factor in the market.
The NASDAQ 100 has rallied significantly during the course of the trading session on Thursday as we continue to look towards the previous all-time high.
The S&P 500 has rallied a bit during the course of the trading session after initially dipping, as we continue to see a lot of bullish pressure.
The West Texas Intermediate Crude Oil market has recaptured all of the losses from the horrific selling on Monday.
Before the European Central Bank announced an update of its monetary policy, the EUR/USD currency pair is trying to correct upwards, settling around the 1.1800 resistance.
Investors returned to risk appetite, which is negative for the price of gold.
Investors' sentiment improved slightly, which gave the USD/JPY the opportunity to correct upwards, reaching the resistance level of 110.38.
Forex investors tried to take advantage of the recent strong decline in the price of the GBP/USD currency pair to return to buying and settle around the 1.3745 level.
BTC/USD has produced a rather dramatic week of results for speculators and more tests are likely to be demonstrated.
The USD/BRL has continued to create a rather bullish trend and yesterday’s slight reversal lower could prove intriguing.
The USD/MXN has developed a rather solid bullish trend the past week of trading after producing significant choppy results since the third week of June.
The USD/INR has turned lower and is testing important short-term support ratios as speculators contemplate technical direction.
The euro initially fell during the trading session on Wednesday but found enough support in the same general region that we have over the last three days to make this market turn around.
The British pound initially pulled back during the trading session on Wednesday but then turned around to rally towards the 200-day EMA.