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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Gold forms a hammer after early losses Thursday, signaling potential recovery towards the 50-day EMA. Key support: $2,500; resistance remains strong.
The Aussie dollar rallied a bit during the course of the trading session on Thursday as we continue to see a lot of back and forth.
The ASX200 has rallied pretty significantly during the trading session on Thursday as it looks like the 8200 Australian dollars level will continue to be important and recognized as potential support.
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The US dollar initially rallied a bit during the course of the trading session on Thursday as we reached the 156 level and peaked above there but have since pulled back ever so slightly.
The US dollar has rallied a bit during the course of the trading session on Thursday against the Swiss Franc, although we are seeing a little bit of give back later in the day.
During my daily analysis of minor currency pairs, the EUR/CAD pair has captured my attention as we have tested a major support level, only to turn things around and show signs of life.
During my daily analysis of the EUR/USD pair, the first thing that I notice is the fact that we have bounce from a crucial large.
During my daily analysis of the minor currency pairs around the world, the GBP/CAD pair has caught my attention, because we have turned around to form a bit of a hammer.
During my daily analysis of minor currency pairs, the NZD/CAD pair has captured my attention, due to the fact that we bounce from a large, round.
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During my daily analysis of the USD/CAD pair, I have seen a lot of upward pressure, and we are now well above the crucial 1.40 level.
The USD/TRY pair continued to move at the same pace as it has been trading over the past few months.
As predicted, Trump's victory has strengthened the US dollar, leading to further losses in gold prices, which have been steadily declining and are now around the support level of $2550 per ounce at the time of writing, the lowest price in two months.
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In today's Thursday trading, the Japanese yen plummeted to its lowest level in four months against the US dollar, with losses extending to the 156.13 level.
Following the release of stronger-than-expected US inflation data, selling of the GBP/USD currency pair increased with losses extending to the support level of 1.2672, the lowest for the currency pair in three months.
Alongside the anticipated Trump policies - a stronger US dollar - US inflation figures came in stronger than expected.