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 recovered from an initial pull back during the day on Thursday as we finally got an announcement from OPEC.
This is a market that should continue to go higher given enough time due to the fact that the US dollar itself is getting hammered.
The market will be looking at the 3600 level with special interest as there has been so much in the way of resistance
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The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back the gains as the markets are waiting to see the jobs number on Friday.
The silver market went back and forth during the trading session on Thursday, as we continue to dance around the 50 day EMA.
Bitcoin rallied slightly during the trading session on Thursday as we continue to sit just below the $20,000 level.
Gold markets have rallied a bit during the trading session on Thursday as we continue to see gold rally rather significantly.
The DAX Index has opened trading this morning with weaker sentiment and is challenging support levels which appear vulnerable.
The USD/BRL has broken lower in the past day and is testing a price range it has not traded in since mid-September.
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The USD/MXN is near crucial long-term support and speculators should pay close attention because fireworks may develop.
The GBP/USD fell from the 1.344 resistance point again, and is still in a state of accidental fluctuation that the pair has been trading in for several weeks.
Since the beginning of this week’s trading, the bulls have had a stronger control over the EUR/USD performance.
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GBP/USD gains may collide with concerns over possible failure in the Brexit negotiations at a very crucial time.
For three trading sessions in a row, the price of gold is moving in an upward correction range and pushed towards the resistance level at $1838 an ounce before settling around $1833.
News surrounding coronavirus vaccines and President Trump's transition initiation caused losses to the safe haven USD.