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
The S&P 500 has rallied during training on Wednesday, as we are now threatening to break above the top of the shooting star from a couple of days ago.
The recent stability of the exchange rate of the US dollar against the Japanese yen USD/JPY is generally expected.
The Nifty 50 has gone back and forth during the trading session on Wednesday as we continue to see a lot of noisy behavior.
Since the start of this week's trading, XAU/USD gold prices remained stable around their recent strong gains.
The bullish momentum of the GBP/USD currency pair remains weak.
Gold markets have slowed down a bit during the Wednesday session as we finally have gotten a bit overstretched.
The USD/JPY exchange rate moved sideways on Thursday morning as the market waited for the crucial US inflation data.
The GBP/USD price is hovering near the highest level since December 21st ahead of the important American inflation data.
The EUR/USD price was little changed on Thursday morning as market participants waited for the important US inflation numbers.
Bonuses & Promotions
This pair is likely to react strongly to any surprises from today’s US CPI data release.
The USD/JPY rallied slightly during the trading session on Wednesday as we continue to attempt to build a base against the Japanese yen.
The USD/CHF bounced a bit during the trading session on Wednesday, as we continue to see a significant amount of support against the Swiss franc at roughly 0.92 CHF.
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The EUR/USD has been rather resilient over the last several sessions, and although we have not had a major breakout yet, it certainly looks as if the market is “leaning” toward the upside.
The GBP/USD has been relatively quiet for the most part over the last couple of months, as we are hanging around and trying to figure out what the next big move is.