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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I will analyze fundamental factors, tendencies and technical positions in order to identify currency pairs that may give the easiest and most profitable trading.
WTI Crude Oil saw the 80.000 USD level penetrated upwards on Wednesday of last week, only to falter and then begin a rather steady push lower.
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The British pound has fallen rather hard against the Swiss franc during early trading on Thursday as it seems like everybody is doing everything they can to panic in the early hours.
Gold markets initially plunged during the trading session on Thursday but have turned right back around to show signs of life as it looks like we are ready to go higher given enough time.
The Euro rallied just a bit during the trading session on Thursday, as we continue to pay close attention to the 0.85 level.
The natural gas markets initially tried to rally in the early hours on Thursday, but it looks like the $2.50 level will continue to be an area of extreme interest.
The British pound has fallen rather hard during the early hours on Thursday against the Japanese yen as we continue to see a lot of volatility.
This is a market that a lot of you won't be paying attention to, but it is forming an interesting technical pattern that I think is worth talking about.
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The euro has tried to rally a bit during the trading session on Thursday, but it still has a little bit of a headwind above it.
It's been the same story across the forex world today as the Swiss franc has strengthened quite drastically. But I look at this as a buying opportunity.
The Swiss franc has found itself strengthening against most things and the Canadian dollar won't be any different.
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