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 German index gapped lower to kick off the trading session on Thursday, but as you can see, we have recovered the complete loss, and have even closed at the very top of the range.
The S&P 500 initially pulled back a bit during the course of the trading session on Thursday to reach down below the 4200 level.
The Euro has broken down significantly during the trading session on Tuesday to reach down towards the 200 day EMA.
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The British pound has walked back the entire bullish move over the last couple of months
The US dollar has rallied quite nicely during the trading session again on Thursday, as we continue to see the reaction from the Wednesday press conference out of Jerome Powell.
The bitcoin market rallied a bit during the trading session on Thursday, but as you can see, we have failed at the $40,000 level yet again.
The West Texas Intermediate Crude Oil market broke down a bit during the trading session on Thursday as we continue to see a lot of noise and fallout from the Federal Reserve announcement on Wednesday.
Amid the worst daily performance of the EUR/USD currency pair in months, the pair collapsed from the resistance level of 1.2135 to the support level of 1.1994
In light of the worst daily performance in four months, the price of gold moved to the support level of $ 1803 an ounce, its lowest in a month and a half,
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To complete the upward correction path for the performance of the USD/JPY currency pair, the US Central Bank contributed to providing more momentum to push the pair towards the 110.82 resistance level.
The bears succeeded in breaching the 1.4000 psychological support level for the GBP/USD currency pair.
The USD/CAD sprang higher late last night as the U.S Federal Reserve announced its interest rate policy and resistance levels crumbled quickly.
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The USD/JPY saw a sudden burst of volatility late last night upon the interest rate policy statement from the U.S Federal Reserve.
Speculators should take a long look at the Brazilian real as it trends near important support levels and has produced a capable trend.
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ETH/USD has traded lower the past two days and it has broken through short-term support ratios which may be causing concern among bullish speculators.