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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 US dollar has gone back and forth during the course of the trading session against the Japanese yen on Thursday, as we have seen the weekly Unemployment Claims in the United States surprise to the upside.
Silver rallied significantly during the course of the trading session on Thursday, breaking above the $27.50 level at one point, only before it turned around to show signs of exhaustion.
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The DAX in Germany took off to the upside during the trading session on Thursday as we have now broken above the crucial €18,500 level.
The British pound initially fell during the trading session on Thursday against the Japanese yen but has since turned around despite the fact that there are members at the Bank of England that have voted to cut rates.
The US dollar has rallied slightly during the trading session on Thursday against the Israeli shekel, as the overall action over the last couple of months have suggested a bit of a “bullish flag” setting up.
The US dollar initially tried to rally a bit during the early hours on Thursday, but then pulled back to reach the 18.50 level.
The pound initially shot higher during the early hours on Thursday but has since fallen to test the 50 day EMA.
Bitcoin pulled back just a little bit during the trading session on Thursday, as we continue to look at the $60,000 level as a potential support level.
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The Nasdaq 100 pulled back slightly during the early hours on Thursday, but at this point in time, it looks like a market that's just trying to digest some of the massive gains that we had seen so far.
Gold has been somewhat choppy during the early hours on Thursday, which quite frankly is a repeat of the last several days in a row.
Trading of the US dollar against the Turkish lira varied during Thursday's session.
The euro has rallied again during the early hours on Wednesday against the British pound, as we continue to see the British pound suffer at the hands of volatility.
May 09, 2024, Analysis of euro price against the dollar EUR/USD
The Parisian CAC rallied again during the early hours on Wednesday, as we continue to see a lot of upward pressure in equities globally.