CFD traders of WTI Crude Oil should pay strict attention to the market as it opens early on Monday.
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
Last week saw a recovery in risky assets, notably including stock market indices and Gold, following the release of unexpectedly low US inflation data, supported by falling inflation in other countries.
Check out this week’s key pairs: EUR/USD varies, NASDAQ 100 aims for 20,500, Silver targets $31, DAX recovers, WTI remains stable, USD/JPY meets resistance.
Top Forex Brokers
In my daily analysis of the EUR/USD pair, it’s obvious that we have plunged quite drastically after breaking above the 1.10 level during the previous session.
The German index has shown quite a bit of upward momentum during the trading session on Thursday, as we have broken above the 50-Day EMA, and before that even broke above the €18,000 level.
The daily analysis of the GBP/JPY shows that we have had a major break out to the upside, as we have cleared the crucial ¥190 level.
In my daily analysis of bitcoin, the first thing I notice is that we reach toward the 200-Day EMA, only to turn around and show signs of life again.
In my daily silver analysis, I can see that the asset has reached quite drastically to the upside as it looks like we are going to continue to threaten the $28.50 level
The Euro has rallied again against the Swiss franc during the trading session on Thursday, as we are trying to get to the 50 day EMA.
Bonuses & Promotions
The US dollar has rallied against the Indian rupee during trading on Thursday as it looks like we are trying to threaten the 84 rupee level.
The Kiwi dollar in the early hours on Thursday has fallen a bit, but it looks like we're hanging on to this 0.60 level for some type of bounce.
In my daily analysis of the FTSE 100, the first thing I noticed is that we are getting a bit overstretched.
The West Texas Intermediate Crude Oil Market, or US Oil, has been rather noisy over the last couple of days, but on Thursday we are trying to bounce from the 50-day EMA.
The Turkish Lira fell against the US dollar during early trading on Thursday morning.
The Pound Sterling dipped to $1.28 in early trading on Wednesday, pulling back from a three-week high earlier in the month after UK inflation figures raised bets on interest rate cuts by the Bank of England.