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 USD/TRY pair has maintained stability throughout this month's trading.
Since the beginning of today's trading session (Thursday), the USD/JPY exchange rate has been subjected to selling pressure.
GBP/USD is under profit-taking pressure for the second day in a row, retreating from its two-month high of $1.28 touched on May 27.
Before announcing important American economic data, EUR/USD has dipped to near the 1.08 support level again.
Gold has been under selling pressure for the past two days, falling near $2323 an ounce today, Thursday, continuing its decline amid rising US Treasury yields and demand for the US dollar driven by hawkish comments from Fed officials.
High impact US Preliminary GDP data is due today, and this is likely to determine the course of the US Dollar over the next 24 hours and possible longer.
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The US dollar has been very noisy against the Mexican peso during the month of May.
The West Texas Intermediate Crude Oil market has been very choppy and sideways during the month of May.
The S&P 500 has been somewhat noisy during the month of May, and I think this may continue to be the case going forward.
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The NASDAQ 100 has been very bullish during the month of May but has run into a little bit of trouble during the last week.
Gold markets have been very noisy during the month of May.
The USD/ILS pair as of this writing is near the 3.71830 mark with fast fluctuations being delivered in Forex.