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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During my daily analysis of exotic currency pairs, the US dollar is captured my attention as we continue to see it stretch higher against the Indian rupee.
The ASX 200, one of my favorite global indices, fell a bit during the trading session on Thursday, only to turn around and show signs of life.
In my daily analysis of the commodities markets, the silver market has seen a lot of volatility in back and forth trading.
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The market continues to see a lot of noisy behavior, and I think what we have is a scenario where people are using this as a proxy for risk appetite, which of course is something that you would anticipate.
The Canadian dollar has rallied initially during the trading session on Thursday against the Japanese yen, but we have also seen a bit of exhaustion come into the picture.
The S&P 500 initially pulled back just a bit during the early hours on Thursday, only to turn around and show signs of life.
Gold fell a bit during the early hours on Thursday as we continue to see a lot of volatility and chop overall.
The New Zealand dollar broke down a bit during the course of the trading session on Thursday, as it looks like we are going to reach towards the 0.62 level.
At this point in time, it looks like the US dollar continues to see plenty of buyers against its northern neighbor as the 1.3450 level has offered support yet again.
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The Euro initially did drop a bit during the early hours on Thursday, but really at this point in time, the 1.10 level underneath continues to be the main area of interest.
The New Zealand dollar initially did try to rally during the trading session on Wednesday but then turned around to show signs of exhaustion.
Silver was somewhat bullish during the early hours on Wednesday, but quite frankly, this is a market that continues to see resistance at the same area.
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The US dollar has initially pulled back just a bit against the Swiss franc only to turn around and show signs of life.
The US dollar initially rallied during the trading session on Wednesday to try to reach the 17.50 Rand level, an area that was tested during the previous session.
The euro fell again during the trading session on Wednesday as we are testing the 50-day EMA.