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 initially tried to rally a bit during the early hours on Thursday, but then pulled back to reach the 18.50 level.
The pound initially shot higher during the early hours on Thursday but has since fallen to test the 50 day EMA.
Trading of the US dollar against the Turkish lira varied during Thursday's session.
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The euro has rallied again during the early hours on Wednesday against the British pound, as we continue to see the British pound suffer at the hands of volatility.
May 09, 2024, Analysis of euro price against the dollar EUR/USD
The Parisian CAC rallied again during the early hours on Wednesday, as we continue to see a lot of upward pressure in equities globally.
The British pound fell during the early hours on Wednesday as we continue to see a lot of volatility in the GBP/CHF pair.
The yen's collapse resumed this week as concerns about the country's economy and interventions continued.
The USD/PKR has traded lower in the past week and is maintaining value within the midst of a range band that is testing mid-term depths.
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The British pound has rallied a bit during the trading session on Tuesday against the Japanese yen, which does make a certain amount of sense considering we have been in an uptrend for some time.
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Ethereum has had a slightly negative trading session on Wednesday, as we continue to hang around the crucial $3000 level.
The USD/ILS has traded slightly higher in early morning trading, this as the currency pair remains within sight of short and mid-term highs as technical ranges hold.
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Crude oil initially plunged during the trading session on Wednesday but has turned around to show signs of strength.
The German DAX initially tried to rally a bit during the course of the trading session on Wednesday but turned around to show signs of exhaustion.
Gold was rather choppy during the early hours on Wednesday, but we do still have a significant amount of support below that comes into the picture to offer a bit of a potential buying opportunity.