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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Bitcoin markets got hammered during the trading session on Thursday as Elon Musk has reversed previous acceptance of Bitcoin as payment for Tesla automobiles.
Gold markets have fallen initially during the trading session on Thursday but found buyers underneath that turned around and showed a positive candlestick.
In its best daily performance of the year, the USD/JPY moved to the 109.70 resistance level yesterday, where it stabilized near at the beginning of trading on Thursday.
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For two days in a row, gold was subject to profit-taking that pushed it towards the support level of $1814 after a period of upward stability around the $1845 resistance.
After bullish stability over the last 3 sessions, the GBP/USD has settled around the 1.4165 resistance level, a two-and-a-half-month high.
After the dust caused by the US job numbers settled, the US dollar reacted positively to the announcement of the US CPI reading.
After achieving one-month highs only three days ago, the NZD/USD is now traversing near important support levels following a strong reversal lower.
XRP/USD is hovering above critical mid-term support levels as speculators are left to decide on their sentiment regarding direction.
The cluster of support below 0.7696 is likely to be today’s pivotal zone.
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DOGE/USD remains a source of speculative trading as its value changes continue to produce wild fluctuations.
Risk-off sentiment gives USD a boost.
Another all-time record value was made by Ethereum in early trading yesterday, but the speeds of ETH/USD price changes are dangerous.
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The West Texas Intermediate Crude Oil market initially rallied during the trading session on Wednesday to reach the top of the massive ascending triangle that I have drawn on the chart.
The US dollar initially fell against the Canadian dollar during the trading session again on Wednesday, but as we approach the 1.20 handle, it is obvious that we are starting to run into a bit of support.
The DAX Index went back and forth during the trading session on Wednesday, as we have tested the 15,000 level yet again.