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
USD/JPY: Yen starting to strengthen
For the fifth straight day, the EUR/USD pair continues to correct for gains that reached the 1.0933 resistance.
The US dollar continues to bounce around just below the ¥112 level, an area that seems to be a bit of a brick wall.
BTC/USD: Volatility decreasing
GBP/USD: Significant recovery by Pound
EUR/USD: More bullish above 1.0889
The Euro has been very difficult to trade over the last couple of days because although it has been bullish during most of the time, it keeps pulling back rather rapidly.
The British pound rallied significantly during the trading session on Wednesday, but as you can see on the chart the 1.20 level continues to cause all kinds of issues for buyers.
The S&P 500 went back and forth during the trading session on Thursday, initially shooting straight up in the air after a short-term pullback,
The NASDAQ 100 had an interesting session on Wednesday, as it initially fell but then turned around to spike well above the 7500 level.
The Australian dollar initially tried to rally during the trading session on Wednesday, but as you can see struggled above the 0.60 level II pullback and form a bit of a shooting star.
Silver markets did have a bullish trading session during the Wednesday hours, but as you can see the $15.00 level has offered quite a bit of resistance
Bitcoin has gone back and forth during Wednesday trading, as we find ourselves testing the $7000 level.
Gold markets of course have been very volatile during the trading session on Wednesday, as we approached the $1700 level.
The West Texas Intermediate Crude Oil market initially fell during the trading session on Wednesday but turned around as inventory numbers were a bit better than anticipated.