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 GBP/USD pair wavered on Monday morning even as hedge funds and other speculators turned bearish on sterling.
The downwards selling in the GBP/USD continued early last Monday, but then a reversal upwards started to be seen.
WTI Crude Oil finished the week of trading near the 83.640 level, this after attaining a high earlier on Friday near the 84.450 mark.
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The British pound has shot higher during the course of the trading session on Thursday, as we continue to see a lot of upward momentum.
The DAX fell significantly during the course of the trading session on Thursday, as went now looks like we are threatening the 50-Day EMA indicator.
The crude oil markets have been very noisy over the last several days, and at this point in time it’s obvious to me that the market is going to continue to search for some type of stability.
The Aussie dollar rallied significantly during the early hours on Thursday, and it looks like we are going to continue to see a lot of volatility.
The British pound initially rally during the trading session on Thursday but seems to be looking at the 1.25 level as a major barrier that’s all but impossible to stay above for any significant amount of time.
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Gold initially fell during the trading session on Thursday, but then turned around to show signs of life.
The US dollar initially fell against the Canadian dollar during the early hours on Thursday, but then turned around to show signs of strength again.
The Nasdaq 100 has gone back and forth during trading early on Thursday as we continue to try to find some type of footing for this market to turn things around.
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The S&P 500 was fairly quiet in the early hours on Thursday and as we continue to try to sort out where we are going next.
The euro rallied a bit during the trading session on Thursday, breaking above the 1.37 level.
Trading of the USD/TRY remained stable during morning trading today, Thursday, with the pair seeing no significant changes throughout the current week.