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 Canadian dollar has initially pulled back just a bit against the Japanese yen during early trading on Thursday.
The S&P 500 initially pulled back a bit during the course of the trading session on Thursday, but it looks like the 5,875 level is going to continue to offer support.
Silver initially did try to rally during the trading session on Thursday, but it looks like the 50-day EMA is going to continue to offer resistance.
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The Australian dollar initially did try to rally during the trading session on Thursday but as you can see, we've seen some problems with momentum, and we've turned around to form a little bit of an inverted hammer.
During the trading session on Thursday, we've seen the New Zealand dollar try to rally a bit, but it gave back gains rather quickly and has turned around to reach towards the 0.5850 level
During my daily analysis of the USD/CAD pair, the market looks as if it is trying to find its bottom, after a short-term pullback.
During my daily analysis of NASDAQ 100 trading, the first thing that I would point out is that the volatility continues to be a major issue.
During my daily analysis of the GBP/USD pair, the British pound has truly looked fairly weak.
In my daily analysis of the gold market, it’s obvious to me that there are plenty of buyers out there that are willing to take advantage of the momentum.
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During my daily analysis of the EUR/USD pair, we have broken below the 1.05 level, and this has made me stand up and pay attention.
The USD/TRY pair has fluctuated during today's trading, moving within the same range as it has throughout the current week.
Since the beginning of this week, the EUR/USD currency pair has been attempting to recover from its year-low, but rebound gains have not exceeded the 1.0609 level, and it is currently stabilizing around 1.0548 at the time of writing this analysis.
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The Japanese yen's gains continued to weaken on Tuesday as uncertainty surrounding the future of the Bank of Japan's policy pushed the USD/JPY pair down to 153.28.
The gains made yesterday by the GBP/USD currency pair to the resistance level of 1.2715 quickly evaporated.
Since the beginning of this week, the gold price has been on its broader upward trajectory, stabilizing around the resistance level of $2666 per ounce.