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.
The US-driven trade war is continuing to send stock markets lower, especially in the USA, while Gold reached a new record high price above $3,000.
Speculators saw lows in WTI Crude Oil not seen since the spring of 2023 early last week, then a reversal upwards which tested the 68.000 ratio momentarily happened, until some selling filtered in again.
This week’s market forecast covers Bitcoin, Forex, and indices. Key price levels, trends, and potential moves traders should watch. Stay informed!
During Thursday trading we have seen the Euro drop quite a bit against the US dollar, but quite frankly we’ve also seen a lot of buyers come in to pick up the currency.
During the session on Thursday the market in Germany has dropped a bit, but quite frankly I think this ends up being a buying opportunity.
During the trading session on Thursday, we have seen more negativity in the Bitcoin market, one that simply doesn’t look like you can get out of its own way.
During the trading session on Thursday we saw the silver market finally break out, buyers are willing to come in and pick up silver.
The Thursday session has been very good for gold, as it looks like we are doing everything we can to reach toward the 3000 level.
The US dollar has rallied a bit during the trading session on Thursday against the Canadian dollar as we continue to just go back and forth.
The US dollar initially tried to rally against the Indian rupee but gave up gains pretty quickly on Thursday as we continue to see a lot of back and forth technical trading.
The US dollar initially dropped a bit during the trading session on Thursday, only to turn around and show signs of life again.
The natural gas markets initially drifted lower during the early hours on Thursday, breaking below the $4 level only to turn around and show buyers coming in.
The Nasdaq 100 initially tried to rally during the trading session on Thursday, but as you can see, we have really fallen since then.
The Turkish lira remains under pressure as the Central Bank maintains a tight monetary stance, with USD/TRY showing bullish signals and targeting higher resistance levels.
The EUR/USD continues its bullish trend, supported by weak U.S. economic data and geopolitical developments, though caution is warranted near key resistance at 1.1000.
