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 US dollar has rallied significantly during the trading session on Thursday, reaching towards the ¥105.50 level.
The NASDAQ 100 fell initially during the trading session on Thursday but turned around to form a massive hammer.
The Australian dollar has rallied a bit during the latter part of the trading session on Thursday after having a very brutal day.
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The bitcoin market drifted a little bit lower during the training session on Thursday only to turn around and find buyers again near the $11,300 level.
The S&P 500 broke down a bit during the trading session on Thursday, reaching down towards the 3435 handle before turning around and forming a perfect hammer.
The Euro initially tried to rally a bit during the trading session on Thursday but turned around to show signs of exhaustion as we broke through the 1.17 level.
Silver markets fell hard during the trading session on Thursday, piercing the $24 level.
Gold markets pulled back a bit during the trading session on Thursday, slicing through the $1900 level.
The West Texas Intermediate Crude Oil market fell rather hard during the trading session on Thursday, slicing through the 50 day EMA like it was not even there.
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The British pound has broken down significantly during the trading session on Thursday, slicing through the 1.30 level and then the 50 day EMA.
The EUR/USD currency pair is still facing downward pressure that pushed it towards the 1.1719 support before settling around 1.1750 at the time of writing.
The decline of the US currency was a long-awaited catalyst, and therefore the opportunity was better for the yellow metal to rise,
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Risk aversion increased gains for the Japanese yen more than gains of the US dollar as safe havens.
Today and tomorrow are the defining moments in the course of trade negotiations between the European Union and Britain,
Mexican President López Obrador enjoys an ongoing increase in his approval rating, despite the Covid-19 pandemic, a damaged economy, and rising homicide across Latin America’s second-largest economy.