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 Euro initially tried to rally a bit against the US dollar during the early hours on Thursday, but we continue to hang around the 1.07 level.
GBP/USD shows hesitation as it navigates between key EMAs, with potential resistance ahead and jobs data on Friday likely to influence direction.
The British pound has been all over the place during the early hours on Thursday as we continue to see a lot of noise.
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The German DAX has rallied just a bit during the early hours on Thursday as it looks like we are trying to recover a bit.
The US dollar has bounced from the 18.5 level against the South African Rand, an area that has been important multiple times.
The pound sterling has settled around $1.25, while the US dollar remains near its November peak, supported by expectations of a more cautious stance from the Bank of England compared to the US Federal Reserve on monetary policy.
It seems that this week has been the most action-packed for the Japanese yen in the forex market since the start of trading this week.
The EUR/USD pair remained steady around 1.0715 despite the US Federal Reserve's announcement and comments from Fed Chair Jerome Powell.
The USD/TRY pair remained stable without significant changes during the current week, maintaining its limited movement during European trading this morning.
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Yen strength may begin to be supported by market sentiment.
Gold futures rose after the Federal Reserve left US interest rates unchanged and insisted that the next policy decision would not include a rate hike.
The British Pound has been somewhat noisy during the trading session on Wednesday, heading into the FOMC meeting, as you would expect.
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The US dollar has fallen a bit during the early hours on Wednesday against the Mexican peso as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above.
BTC/USD has lost more than six thousand USD in the past two and a half days of trading.
The Aussie dollar initially pulled back just a bit during the trading session on Wednesday to show signs of hesitation against the Swiss franc.