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 West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday to break above the $73 level.
The S&P 500 has rallied significantly during the course of the trading session on Thursday as we continue to see a lot of bullish pressure.
The NASDAQ 100 has rallied significantly during the course of the trading session on Thursday to reach towards the previous uptrend line.
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Gold markets have fallen rather hard during the trading session after initially filling the downward gap on Thursday.
The Australian dollar has rallied significantly during the trading session yet again on Thursday, as we continue to see an attempt to break out to the upside.
The bitcoin market has rallied ever so slightly during the trading session on Thursday as we continue to see the market try to find its footing.
The Euro has bounced significantly during the day on Thursday, as the US dollar got sold off overall.
It appeared that Thursday could have kicked off a rather nasty selling opportunity.
The GBP/USD is near important long-term support which has been tested on occasion the previous two months.
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The Federal Reserve's indications yesterday that reducing bond purchases are imminent increased the gains of the US dollar against the other major currencies.
Despite the Federal Reserve's clear indications to tighten its monetary policy, the USD/JPY remained stable in a range between the 109.11 support and the 109.92 resistance, where it has settled as of this writing.
The GBP/USD currency pair has been moving in a downward correction that pushed it towards the 1.3609 support level, its lowest in a month, before settling around 1.3650 as of this writing, before the Bank of England announces its monetary policy decisions.
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The Federal Reserve re-affirmed its desire to tighten its monetary policy as soon as possible, which increased the gains of the US dollar, and thus downward pressure on gold.
BTC/USD is near short-term highs but continues to traverse within what has become a cautious range as incremental decreases have dominated recent trading.
The USD/MXN is traversing a higher price range and volatility has erupted in the short term as global market conditions have created nervous sentiment.