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 Australian dollar initially pulled back just a bit during the early hours on Thursday but has turned around to show signs of life
CAD/JPY steadies near 107.50, with yen-driven moves dominating; key levels include resistance at 109.50 and support at 104.
Gold was rather quiet during the trading session on Thursday, which of course is not a huge surprise considering that the futures markets would have had limited trading due to Thanksgiving holiday in the United States.
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Silver initially fell during the early hours on Thursday, only to turn around and show signs of life as we bounce directly from a trend line.
The euro initially fell a bit against the US dollar during the trading session on Thursday as Thanksgiving would have caused a little bit of liquidity problems in the market.
USD/TRY holds steady, supported by Turkey's improved inflation outlook, with an uptrend targeting 34.75 and 35.00 amid ascending price channel dynamics.
Since the beginning of this week, the USD/JPY currency pair has been on a downward correction path, with losses extending to the support level of 150.45, the lowest for the currency pair in five weeks.
Yesterday’s session was the most notable in the GBP/USD currency pair’s attempts to rebound upwards, as it moved towards the resistance level of 1.2693 from the support level of 1.2565 in the same trading session.
EUR/USD rebounds weakly, stabilizing near 1.0546 as ECB commentary offers support, but bearish pressure remains amid global uncertainties and low liquidity.
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The decline in the US dollar helped the gold price rebound, gaining to a resistance level of $2658 per ounce during yesterday's Wednesday session before stabilizing around $2635 per ounce at the time of writing this analysis on Thursday.
The USD/RUB has continued to create frenzied upwards momentum, sparking higher values not tested since the beginning days of the Russian Ukrainian war.
USD/ILS maintains a bearish trend near 3.65100, with light holiday trading volumes and support levels tested around 3.64850.
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The Euro has rallied a bit during the early hours on Wednesday as we have seen the United States dollar give back some of its gains.
The Bitcoin market exploded to the upside during the trading session on Wednesday again, gaining well over 4% by New York Open.
The British pound has rallied rather significantly during the day, gaining 0.9% by midday in North America.