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 NASDAQ 100 initially tried to rally again during the day on Thursday, but then pulled back significantly to break towards the uptrend line that I have drawn on the chart.
The Euro initially tried to rally to kick off the trading session on Thursday but gave back the gains as we ended up falling towards the 1.18 level again.
Bank of England member Saunders stated earlier in the session that perhaps the Bank of England would have to raise rates sooner than anticipated,
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The Australian dollar has fallen significantly again during the course of the trading session on Thursday, as we are rapidly approaching the 0.74 level.
Gold markets have been all over the place during the place during the trading session on Thursday but have gone back and forth to show signs of hesitation at this point.
The bitcoin market has fallen during the course of the trading session on Thursday, as we continue to see a lot of negativity around the world.
For two trading sessions in a row, EUR/USD bears are facing an important support level of 1.1772, its lowest in three months.
At the beginning of this week’s trading, the price of the USD/JPY currency pair attempted to correct upwards.
The British government's determination to celebrate Freedom Day, July 19, despite threats of an increase in injuries in the country, causes a cautious stability of the pound sterling against the rest of the other major currencies.
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Gold prices continued to rise despite the level of the US dollar, pushing the bulls to the resistance level of 1833 dollars an ounce, the highest price in a month.
Volatility continues to be displayed on a daily basis within the USD/CAD as the Forex pair reacts to a variety of factors pulling it in different directions.
The GBP/USD has produced choppy results in early trading, having reached a twenty-four-hour high followed immediately by a twenty-four-hour low in the past couple of hours.
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The past day of trading has seen quick and rather choppy conditions for short-term speculators in the USD/SGD.
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ADA/USD is testing lower support and has been unable to deliver a promising reversal higher that can be sustained.
The euro rallied significantly during trading session on Wednesday to recover most of the losses on Tuesday.