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.
Forex markets are seeing a strong US Dollar, which has climbed to a near 2-year high, weakening European currencies such as the British Pound and the Euro, while Bitcoin has climbed to new record highs just below $100,000.
Speculators who have been betting on upside to suddenly emerge in the GBP/USD because they believe the currency pair has been oversold have likely been hit by rather expensive losses.
WTI Crude Oil was able to produce a polite bullish climb last week after testing important support levels last Monday, now speculators may question where reliable resistance might prove durable.
EUR/USD breaks below 1.05 as USD strength dominates, AUD/USD and USD/CAD show short-term pullbacks, while gold and NASDAQ 100 continue their bullish momentum.
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.
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.
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.
