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 West Texas Intermediate Crude Oil market has rallied a bit during the trading session on Thursday, as we continue to see the market reach towards the crucial $50 level.
Gold markets rallied significantly during the trading session on Thursday, reaching towards the $1900 level before pulling back.
The GBP/USD surpassed its highest levels since April of 2018.
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The increasing pressure on the US dollar gives the EUR/USD an opportunity to continue achieving stronger gains.
Ahead of the Bank of England's announcement of its monetary policy decisions on Thursday, the GBP/USD currency pair is benefiting from investor risk appetite and the dollar’s collapse.
Sharp losses in the US dollar were a major factor in the rise of gold and silver futures, especially after the conclusion of the monetary policy meeting of the US Federal Reserve Board.
The USD collapse continued amid the weak performance of the US economy, the stumbling of stimulus negotiations and the wave of risk appetite that dominates global financial markets with the beginning of COVID-19 vaccinations.
The Dow Jones 30 is within record of all-time high territory and speculators who are trying to sell against the trend with the belief it is overvalued may want to reconsider their skepticism.
The USD/MXN is challenging important support levels early today.
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The USD/INR has demonstrated an ability to continue its bearish trend this week and has been able to sustain its lower values.
The USD/SGD not only burst through support levels yesterday, but obliterated them.
The West Texas Intermediate Crude Oil market pulled back during the trading session on Wednesday as we continue to see a lot of volatility in the markets.
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The US dollar rallied during the trading session on Wednesday, but then turned around by the end of the day after the Federal Reserve announcement.
The Australian dollar continues to rally, after initially pulling back during the day on Wednesday.
The S&P 500 fluctuated during the trading session on Wednesday as the 3700 level offered a bit of resistance.