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 DAX gapped higher to kick off the trading session on Thursday and then shot straight up in the air.
The US dollar initially fell again against the Canadian dollar, but after oil started to fall, we saw a complete reversal and what is almost certainly a candlestick that will catch a lot of attention.
The NASDAQ 100 got hammered on Thursday as bond yields in America spiked quite drastically.
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The S&P 500 initially tried to rally during the trading session on Thursday, but as yields continue to play havoc with the stock market, we have seen a complete reversal.
The euro has seen a lot of selling pressure come in during the day on Thursday as the US bond market continues to sell off, driving yields much higher.
The Australian dollar shot higher initially during the trading session on Thursday but gave back the gains as bond yields in America continue to spike.
Gold markets have been at the mercy of the bond market for some time now, and it now looks like more of the hijinks over there is starting to affect the market over here.
Bitcoin markets rose again during the trading session on Thursday as we try to take out the $60,000 level.
The British pound tried to rally during the trading session on Thursday but ran into a buzzsaw of resistance at the 1.40 level yet again.
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The NZD/USD saw a flurry of buying activity earlier today as short-term resistance levels were brushed aside.
The USD/BRL has come off highs made in the past ten days and has begun to touch a known range, but it remains above February values.
The USD/ZAR moved swiftly lower yesterday and took the Forex pair to mid-term support levels which should not be a surprise to traders.
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The USD/INR is challenging long-term support levels, but as lows get tested, volatility has increased with swift and frequent reversals.
The US dollar was negatively affected by the Federal Reserve's monetary policy decision and the statements of Chairman Powell, which contributed to an upward rebound for gold.
Following the US Federal Reserve's policy decision, the GBP/USD pair is now awaiting the Bank of England's announcement of its monetary policy decisions.