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 gold market initially rallied during the trading session on Thursday but started to show signs of exhaustion again.
The New Zealand dollar has rallied a bit against the US dollar during trading on Thursday, in a bid to recover some of the losses from the Wednesday session.
During the trading session on Thursday as I look around the various large currencies and main currency pairs, the US dollar looks as if it is trying to do everything it can to stabilize a bit against the Canadian dollar.
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The dollar has remained stable against the Turkish lira, which continues to trade in the same range around the 34-lira level for the past few weeks.
The USD/JPY pair rebounded in mid-week trading to reach the resistance level of 144.60, recovering from earlier losses that had taken it to the support level of 142.88.
Gold prices climbed above $2670 per ounce on Wednesday, hitting another record high, as expectations of further monetary easing and rising geopolitical tensions boosted the appeal of the precious metal.
The Pound Sterling is relinquishing some of its recent gains against both the Euro and the US Dollar.
Amid a sudden upward momentum, the EUR/USD pair gained, surpassing the psychological resistance level of 1.1200 and reaching 1.1214 before facing profit-taking, which was frequently mentioned as a possibility in case the 1.1200 resistance was broken.
n my daily analysis of exotic currency pairs, the US dollar against the Norwegian Krone is one that I'm watching very closely due to the fact that we have bounced from a major support level.
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The USD/INR has risen the past two day of trading.
For an extended amount of time the USD/MYR exchange rate had been traversing record highs and the 4.7800 vicinity was a resistance level that was being challenged.
The USD/PHP currency pair as one that I’m watching closely, because we have seen the US dollar plunged against the Philippine peso for some time now, but the Wednesday session seem to be more of the same downward sudden pressure.
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The British pound pulled back initially against the Swiss franc during the trading session on Wednesday, to reach toward the 1.13 level and the 200-day EMA, only to turn around and show signs of life again.
The AUD/CHF pair has seen a lot of noisy behavior, as we had reached the 200 Day EMA.
I notice that we have added a lot of strength show up in the favor the US dollar, as we have bounce from a crucial level in the form of the 0.84 level.