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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Weak recovery from lows over recent weeks gives hope to HODLers.
The GBP/USD price retreated to the lowest level since December 1 as the US dollar rebounded and bond yields pulled back.
The EUR/USD price was little unchanged on Thursday after the US published strong consumer confidence data.
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The AUD/USD price wavered during the Australian session as the US dollar strengthened.
The sudden announcement by the Japanese Central Bank of the shift towards the first steps of tightening contributed to the Japanese yen achieving record gains against all other major currencies.
Gold futures cleared the $1,800 psychological resistance as a weak US dollar and a shock from the Bank of Japan (BoJ) supported the metals market.
Amidst continuous downward momentum, the price of the GBP/USD pair has moved since the start of trading this week, with losses, towards the 1.2085 support level. This happened before settling around the level of 1.2165.
Since the start of trading this week, the price of the EUR/USD currency pair has been moving in a narrow range between the 1.0575 support level and the 1.0660 resistance level.
Spot natural gas prices (CFDS ON NATURAL GAS) advanced during their early trading on Wednesday, achieving daily gains up to the moment of writing this report by 3.75%.
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The Dow Jones Industrial Average advanced during its recent trading on the intraday levels, breaking a series of losses that lasted for four consecutive sessions, achieving gains of 0.28%.
The TRY/USD traded without major changes in the absence of influential economic data in light of the approaching year-end holidays and the decline in trading momentum.
The GBP/USD exchange rate pulled back to the lowest level since December 7 after the latest American building permits and housing starts numbers.
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The BTC/USD price tilted upwards in the overnight session as an uneasy calm resumed in the market.
The AUD/USD price pulled back slightly on Wednesday morning as the market reacted to the latest RBA minutes
The USD/MXN is trading near the 19.78000 level as of this writing.