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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Silver rocketed to the upside during the trading session on Friday as we continue to see a lot of bullish pressure in general.
The Australian dollar initially did try to rally a bit against the Japanese yen during the trading session on Friday, but it looks like we are just going to continue more of this sideways consolidation that we have been in for a while.
The S&P 500 initially dipped slightly during the trading session on Friday, only to turn around and show signs of life.
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The Parisian index rallied a bit during the course of the trading session on Friday after initially dipping below the 50-day EMA.
The New Zealand dollar has rallied a bit during the early hours on Friday as the market continues to see the 0.6050 level as a major support level.
USD/MXN builds momentum toward 20 MXN, while Dow Jones 30, GBP/USD, AUD/USD, WTI, and Gold markets show key shifts and potential breakout opportunities.
The US dollar initially has fallen a bit against the Swiss franc only to turn around and show signs of life again.
Looking at the New Zealand dollar, you can see that the 0.6050 level continues to be crucial as it is offering support.
You can see that the Swiss franc initially pulled back a bit against the Japanese yen during trading on Thursday to reach the 172.5 yen level only to turn around and show signs of life again.
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Looking at the Hang Seng, it's straightforward from a technical analysis standpoint. We had gotten a bit far too aggressive to the upside and then sold off quite drastically and now we are hanging around the 50% Fibonacci retracement level near the 19,800 level.
The US dollar was very stout during the trading session on Thursday as we have now broken above the crucial 150 yen level.
In my daily analysis of European markets, the DAX stands head and shoulders above all else when I look at the markets, mainly because it is a major driver of where we go on the continent.
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When I look at the European indices during the trading session on Thursday, the FTSE 100 has caught my attention as it is pressuring a major resistance barrier in the form of 8400.
During my daily analysis of exotic currency pairs, the USD/MYR pair has caught my attention, as we are currently hanging around a large, round, psychologically significant figure in the form of the 4.30 MYR level.
In my daily analysis of the gold markets, the first thing that comes to mind is that we have just broken out.