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 fallen again against the Norwegian krone during trading on Thursday as the oil market continues to push the “Noki” even higher.
The S&P 500 rallied quite significantly to reach much higher during the trading session on Thursday.
The NASDAQ 100 has rallied quite significantly during the trading session on Thursday to show signs of life again.
The gold markets have gone back and forth on Thursday, showing a bit of hesitation at an area that of course will be important for multiple reasons.
The Aussie has rallied significantly during the course of the session on Thursday to reach towards the 200 day EMA before pulling back ever so slightly.
Bitcoin markets rallied initially during the session on Thursday but gave back gains in order to fall back into the previous consolidation area.
The British pound initially rally during the course of the trading session on Thursday but then turned around to show signs of exhaustion again.
The Euro initially rallied to break above the 1.16 level before turning around and showing signs of hesitation.
HEX/USD has come off highs of nearly 44 cents seen on the 9th of October, but the slight reversal lower, however, may prove to be a speculative opportunity for its backers.
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The USD/NOK has resumed its bearish momentum in early trading this morning, and is now challenging crucial technical support last tested in late June.
The bullish path of the USD/JPY stopped at the 113.80 resistance as soon as the US Federal Reserve indicated that it may abandon bond purchases in the first half of 2022 if the economic performance continues to improve.
Gold futures rose after the US government announced that US consumer prices rose more than expected.
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Sign up to get the latest market updates and free signals directly to your inbox.The formation of a flag is becoming clearer for the GBP/USD, amid a neutral performance for several consecutive trading sessions.
Despite the US Dollar's gains after the high US inflation figures and the FOMC minutes, the EUR/USD couldn't get past the 1.1601 level on Thursday.
The USD/ZAR has moved lower again in early trading, extending a reversal lower which has seemingly gained momentum and created volatile conditions.