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.
Most Recent
Gold markets initially tried to rally during the trading session on Thursday, but then ran into a bustle of resistance near the 50 day EMA.
Bitcoin markets fell to reach down towards the $30,000 level on Thursday but have turned around quite decisively to not only rally but close off the very high of the day.
The crude oil markets still continue to go sideways overall, as we tried to rally initially during the trading session but gave back the gains.
Top Forex Brokers
The USD/JPY pair jumped to the 104.20 resistance level after a downward stability around the 103.58 support level before the announcement of the Federal Reserve's monetary policy.
The US dollar recovered after the Federal Reserve announced its monetary policy decisions, which contributed to gold's decline to the $1832 level before stabilizing around $1845 at the beginning Thursday's session.
The GBP/USD has been subjected to downward pressure that pushed it towards the 1.3660 support level, stabilizing around 1.3685 at the start of Thursday's session.
The EUR/USD is still within a downward correction range, having plummeted to the 1.2058 support level in yesterday's session before settling around the 1.2100 level as of this writing.
The Nikkei 225 opened trading today with a gap lower and then exhibited an inability to substantially produce a gain after the decline.
The USD/SGD continues to prove short term bullish sentiment remains intact.
Bonuses & Promotions
The USD/ZAR has certainly seen short term bullish momentum continue to show its teeth the past week after reversing from lows made on the 21st of January near 14.73000.
Speculators need to continue pursuing upside momentum via the USD/ARS.
The Euro fell initially during the trading session on Wednesday, but we have seen the market recover by the end of the day.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The market will continue to see a lot of noise out there, but if you are cautious enough you can start to piece together a position.
The German index has struggled a bit during the trading session here on Wednesday to reach down towards the 50 day EMA.
The British pound initially tried to rally during the trading session on Wednesday but has taken a bit of a beating as the US dollar strengthened.