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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For five consecutive trading sessions, gold has been sold off, having plunged below the $1800 support level yesterday before settling around the $1777 level at the beginning of Thursday's session.
Despite the recent gains of the US dollar, the GBP/USD's losses did not exceed the 1.3830 support level, settling around the 1.3870 level as of this writing.
The recent strength of the US dollar pushed the USD/JPY towards the 106.22 resistance level, its highest in five months, before settling around 105.85 as of this writing.
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Low risk appetite has compensated the US dollar for its recent sharp losses.
While Ethereum may attempt to cross the psychological resistance level of 2,000, it is unlikely to follow Bitcoin higher in the short-term.
Following the recent massive rally on Dogecoin, a recent analysis revealed that one Dogecoin address accumulated 28% of all available coins.
South Africa began its COVID-19 vaccine rollout with the unapproved Johnson & Johnson variant for the more aggressively spreading mutation.
Amid the COVID-19 pandemic, which saw India record nearly 11,000,000 confirmed infections and over 155,000 casualties to date, the political landscape changed into a binary system.
The Bitcoin market rallied significantly during the trading session on Wednesday as we have now sliced through the $50,000 level handily.
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The FTSE 100 formed a neutral candlestick for the trading session on Wednesday, just as it did on Tuesday.
The DAX index fell just a bit during the trading session on Wednesday to break down below the 14,000 level again.
The NASDAQ 100 got hit rather hard during the trading session on Wednesday but then turned around to form a hammer as it looks like we are trying to continue to go towards the 14,000 level.
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The S&P 500 initially fell during the trading session on Wednesday, but as we have seen time and time again, the buyers have come in late in the day to push things back up.
The British pound fell a bit during the trading session on Wednesday as we pulled back below the bottom of the shooting star from the previous session.
The crude oil markets initially dipped during the trading session on Wednesday to break down below the $60 level before turning around to show signs of strength.