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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Key resistance level at $51,837 looks likely to be today’s pivotal point.
The EUR/USD price declined in early trading as investors reacted to the latest $1.9 trillion stimulus package passed during the weekend.
The AUD/USD rose in early trading as investors digested the superb Chinese trade numbers and the new US stimulus.
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The U.S. dollar is likely to be the key driver today.
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The West Texas Intermediate Crude Oil market has rallied rather significantly during the trading session on Thursday to touch the $65 level.
The FTSE 100 has gone back and forth during the course of the trading session on Thursday as we continue to see the 6600 level offer quite a bit of both support and resistance.
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The US dollar initially fell a bit during the trading session on Thursday to kick off the session and reach towards the 1.26 handle.
The S&P 500 has broken down significantly during the trading session on Thursday to slice down through the 50 day EMA and continue to go down to the previous uptrend line.
The NASDAQ 100 has broken down significantly during the trading session on Thursday as the bond yields spiked yet again.
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The Euro has broken down during the trading session on Thursday as Jerome Powell failed to deliver during the speech to calm the bond market.
The British pound initially tried to break above the 1.40 level during the trading session on Thursday but pulled back from that major figure as we continue to see a bit of resistance in that general vicinity.
The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains as Jerome Powell failed to deliver soothing words to the bond market.