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 markets have fallen rather hard during the day on Thursday as the US dollar has had a strong session.
The EUR/USD rallied during a large portion of the day on Thursday after the ECB raised interest rates by 50 basis points.
The GBP/USD has fallen rather hard during the trading session on Thursday after the Bank of England raised interest rates by 50 basis points, but more importantly, did not do it in a unanimous fashion.
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The AUD/JPY has fallen during the trading session on Thursday, as we continue to see a lot of noisy behavior.
The S&P 500 gapped lower to kick off the trading session on Thursday, and it didn’t bother looking back.
The NZD/USD has broken significantly lower during the trading session on Thursday, as we have seen risk appetite get eviscerated. Ultimately, the market is likely to get looking to the 200-Day EMA, which is closer to the 0.6250 level.
The NASDAQ 100 has gotten absolutely hammered on Thursday, dropping almost 4% by the time the afternoon came.
The EUR/JPY has rallied rather significantly during the trading session on Thursday, breaking a major downtrend line as we continue to see a lot of noisy behavior.
It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
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Investors abandoned the US dollar, which allowed the GBP/USD exchange rate to continue its upward rebound.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.
The continuation of the bearish pressure on the US dollar price is positive for the XAU/USD gold price,
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The price of the TRY/USD has stabilized despite the strong movement in global markets since yesterday, after the decision to raise interest rates in the United States of America by 50 basis points.
The Dow Jones Industrial Average declined during its recent trading on intraday levels, to break a series of gains that lasted for two days.
The USD/NOK is near the 9.80000 ratios as of this writing with rather a quick trading flickering across the Forex monitor.