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 continue showing bullish pressure.
For the second week in a row, the price of the EUR / USD currency pair continues to correct upward which is the closest to a breach of the psychological resistance of 1.2000.
Despite the better-than-expected results of the US economic data and the US Federal Reserve’s continued confidence in the future recovery of the largest economy in the world, the USD / JPY, continued to decline
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Attempts to correct the bullish price of gold are still weak despite the decline of the US dollar.
The correction to the upside despite the dollar's decline, GBP/USD is returning to the downside and is stable around 1.3770 at the time of writing after it gains this week to the resistance level 1.3808.
On the 9th of April BNBB/USD was trading near 444.0000 and as of this writing today Binance Coin is near 550.0000.
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Speculators who have not been paying attention to ETH/USD may want to change their perspectives immediately.
The AUD/USD pair jumped above the neckline of the inverted head and shoulders pattern after the strong US inflation and Australian jobs data.
The BTC/USD price retreated after hitting its all-time high of almost 65,000.
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The GBP/USD pair is going nowhere after the relatively strong UK GDP numbers published on Tuesday and the sudden resignation of Andy Haldane.
The EUR/USD pair is in a tight range ahead of the important German inflation numbers and US initial jobless claims and March retail sales numbers.
The euro has rallied significantly during the course of the trading session on Wednesday, as we have cleared the 50-day EMA.
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The USD/MXN is hovering above crucial support and the 20.00000 juncture is clearly within target for bearish speculators who are pursuing selling positions.
The British pound ran into the 50-day EMA during the trading session on Wednesday, which is an indicator that a lot of people will pay attention to.
After suffering a steep decline in late March the NZD/USD has continued to consistently march higher and yesterday’s trading brought it within sight of crucial mid-term resistance levels.