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 GBP/USD has initially tried to rally during the trading session on Wednesday but gave back gains yet again as we continue to see the 1.20 level above offering psychological resistance.
The GBP/USD price moved upwards after the latest American retail sales and UK consumer and producer inflation data.
The BTC/USD price continued wavering on Thursday as the fallout of FTX’s crash continued.
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The AUD/USD price retreated on Thursday as the market reacted to the latest American retail sales and strong Australian hobs data.
Gold futures failed to sustain their early gains and nearly stabilized as the dollar recovered from lower levels.
For three trading sessions in a row, the losses of the USD/JPY currency pair stop at the 137.67 support level.
The British pound was higher against the euro and the dollar after reports that UK wages came in stronger than expected in the latest batch of UK labor market statistics.
The bullish rebound movements of the EUR/USD culminated in a test of the resistance level of 1.0481, its highest in four months, including the exposure of the EUR/USD pair to profit-taking operations with losses to the 1.0280 support level at the time of writing the analysis.
Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Wednesday.
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The Dow Jones Industrial Average advanced during its recent trading at the intraday levels, to achieve gains in its last sessions, by 0.17%.
The price of the Turkish lira varied against the US dollar during early trading this morning, Wednesday.
The West Texas Intermediate Crude Oil market rallied a bit during the trading session on Tuesday as we had broken toward the $89 level.
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The S&P 500 has gone back and forth during the trading session on Tuesday, as we continue to see a lot of noisy behavior to say the least.
The NASDAQ 100 has rallied initially at the open, camping to the upside and reaching to the 10,050 level.
Gold markets initially shot higher during the trading session, but then pulled back as we got close to the $1800 level. All things being equal, this is a market that has been quite noisy, and overextended.