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 U.S and global production is solid, but the price of WTI has been showing a steady flirtation with higher prices since early February.
The currency pair experienced a week of downwards momentum for the most part.
Silver, oil up; Forex mixed; Bitcoin, NASDAQ volatile.
EUR/USD: The PPI numbers could make a bit of a difference during the session, but really at this point we are very much stuck in the same pattern.
NASDAQ 100: I do think that we will continue to see more of the same mentality that we've had for a while and therefore I remain bullish.
The S&P 500 has shown itself to be a little bit resilient during the trading session on Thursday as PPI numbers came out a little bit hotter than anticipated, but it was not a big deal.
USD/JPY: I remain bullish of this pair, but I also recognize that the easy money has already been made.
AUD/USD: If we get more of a risk on move, that will help the Australian dollar, but the exact opposite could be true.
The gold market pulled back just a bit during the trading session on Thursday, but quite frankly it still looks very strong.
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Bitcoin markets initially pulled back a bit during the trading session on Thursday.
The crude oil markets continue to be very strong, as it looks like we are doing everything we can to breakout on Thursday.
Natural gas markets have somewhat stabilized during the trading session on Thursday, near the $1.66 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar has initially fallen during the trading session on Thursday, only to turn around and show signs of life again.
The USD/JPY pair rebounded to the 148.00 resistance level, as Bank of Japan Governor Kazuo Ueda gave a slightly more pessimistic assessment of the economy ahead of the central bank's policy meeting next week.
The dollar-lira pair stabilized during Thursday's trading near its all-time high of 32 liras per dollar.