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 gold markets have broken down a bit during the course of the trading session on Thursday after initially trying to rally.
Bitcoin initially tried to rally during the trading session on Thursday but gave back the gains to slice through the $50,000 level again
ADA/USD has come off of its late February highs and speculators are likely looking at short-term support levels with caution.
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The USD/BRL touched important highs yesterday while challenging values not seen since early November of 2020.
The USD/ZAR has experienced a steady wave of choppy conditions after suffering a surge higher late last week.
The surge higher accomplished late last week in the USD/INR has shown lackluster ability to maintain its bullish momentum.
Since the start of trading this week, the price of gold has been in a continuous downward correction range.
The USD/JPY is continuing its upward rebound since crossing the barrier of the 106.00 resistance level seven months ago, settling around the 107.10 level as of this writing.
During yesterday's session, and for the fourth day in a row, the EUR/USD pair attempted to breach the psychological support level of 1.2000.
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For four trading sessions in a row, the GBP/USD has stabilized in limited ranges between the 1.3858 support level and the 1.4026 resistance level, settling around 1.3950 as of this writing.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Wednesday to show signs of strength again.
The US dollar fluctuated during the trading session on Wednesday to show a bit of stabilization near the 1.26 handle.
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The FTSE 100 rallied a bit during the trading session on Wednesday only to give up some of the gains and form a less-than-impressive candlestick.
The S&P 500 initially tried to rally during the trading session on Wednesday but gave back a significant amount of gains as we reached towards the 3900 level.
The NASDAQ 100 got absolutely crushed during the trading session on Wednesday again, as traders begin to worry about the job situation in the United States.