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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We are most certainly threatening the crucial $2500 level now, and it’s likely that we do eventually break above there.
The British pound has fallen a bit during the early hours, and the ¥190 level seems to be offering quite a bit of support.
Perhaps the EUR/USD exchange rate will be perceived to have gained too much strength by some economists who question the positive momentum of the currency pair as the E.U still faces tough challenges with its economy.
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CFD traders of WTI Crude Oil should pay strict attention to the market as it opens early on Monday.
Last week saw a recovery in risky assets, notably including stock market indices and Gold, following the release of unexpectedly low US inflation data, supported by falling inflation in other countries.
Check out this week’s key pairs: EUR/USD varies, NASDAQ 100 aims for 20,500, Silver targets $31, DAX recovers, WTI remains stable, USD/JPY meets resistance.
In my daily analysis of the EUR/USD pair, it’s obvious that we have plunged quite drastically after breaking above the 1.10 level during the previous session.
The German index has shown quite a bit of upward momentum during the trading session on Thursday, as we have broken above the 50-Day EMA, and before that even broke above the €18,000 level.
The daily analysis of the GBP/JPY shows that we have had a major break out to the upside, as we have cleared the crucial ¥190 level.
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In my daily analysis of bitcoin, the first thing I notice is that we reach toward the 200-Day EMA, only to turn around and show signs of life again.
In my daily silver analysis, I can see that the asset has reached quite drastically to the upside as it looks like we are going to continue to threaten the $28.50 level
The Euro has rallied again against the Swiss franc during the trading session on Thursday, as we are trying to get to the 50 day EMA.
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The US dollar has rallied against the Indian rupee during trading on Thursday as it looks like we are trying to threaten the 84 rupee level.
The Kiwi dollar in the early hours on Thursday has fallen a bit, but it looks like we're hanging on to this 0.60 level for some type of bounce.
In my daily analysis of the FTSE 100, the first thing I noticed is that we are getting a bit overstretched.