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
After a brutal session on Tuesday, the Wednesday session was quite nice as it formed a hammer in the silver market.
Gold markets have formed a nice-looking candlestick on Thursday after initially gapping lower.
The West Texas Intermediate Crude Oil market has shown itself to be slightly bullish, as we continue to grind overall to the upside.
Top Forex Brokers
The US dollar initially fell during the trading session on Thursday, and then shot higher.
The British pound initially tried to rally during the trading session on Thursday but gave back a significant amount of the gains
The Euro has initially rally during the trading session on Thursday but gave back about half the gains in order to stay well within the range that we have been stuck in for a couple of weeks.
The US dollar has rallied a bit during the trading session on Thursday, as we have broken above the ₹74.88 level during the session.
The Australian dollar continues to “chop word” heading into the weekend, which is an expression for going back and forth or simply killing time.
Canada achieved success with its Covid-19 response as compared to the US.
Bonuses & Promotions
Mexico will cross 500,000 Covid-19 infections today, but testing remains comparably low, with just over 8,700 per 1,000,000.
Despite the recent strength of the US dollar, the EUR/USD, is trying to consolidate near the 1.1800 resistance to confirm the continuation of the bullish momentum.
At the beginning of yesterday's trading, gold prices continued the downtrend correction.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The pound is making strong efforts to avoid moving below the $1.30 support so that recent hopes of a real reversal of the GBP/USD does not evaporate during yesterday's session.
For the fifth day in a row, the USD/JPY pair is trying to correct upward, but gains did not exceed the 107.01 resistance before settling around 106.85 at the time of writing.
Choppy trading has been a hallmark of the USD/MXN the past month of trading as speculators have had to deal with consistent tests of support and resistance levels.