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 West Texas Intermediate Crude Oil market initially drifted a bit lower during the trading session on Thursday but has turned around to show signs of life as the US dollar has been smashed.
The USD/JPY has fallen rather hard during trading on Thursday to reach down to the ¥142 level after the CPI figures coming out of the United States were 0.4% month over a month instead of the 0.6% expected.
The USD/ZAR has fallen hard during the trading session on Thursday, as the CPI numbers in the United States fell rather significantly.
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The gold market has shot straight up in the air during the trading session on Thursday as we continue to see a lot of volatility.
The EUR/USD bounced quite significantly during the trading session on Thursday, as we had touched the 50-Day EMA and then turned to the outside.
Until the announcement of the most important US data today, the price of the euro currency pair against the US dollar EUR/USD succeeded in rebounding higher
Before the announcement of important US inflation figures, the price of the US dollar against the Japanese yen is trying to recover from its recent losses.
With the return of the US dollar's recovery, the GBP/USD currency pair was the most negatively affected
Although the US dollar recovered from its losses since the beginning of trading this week, Gold futures contracts XAU/USD are trying to stay above the $1700 level an ounce.
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The TRY/USD settled within a narrow range that has been going on for several weeks, to continue stability for more than a month and a half, amid recording slight movements with the pair's stability within the rectangle range shown through the attached chart.
The Dow Jones Industrial Average declined during its recent trading at the intraday levels breaking a series of gains that continued for three consecutive days.
Spot natural gas prices (CFDS ON NATURAL GAS) continued to decline in early trading on thursday, to record new daily losses until the moment of writing this report, by -2.37%.
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The USD/CAD is near the 1.35350 mark as of this writing with rather steady price action being demonstrated.
Bitcoin has not only pierced the $18,000 level during the Tuesday session, but have reached new lows on Wednesday.
The GBP/USD is trading near the 1.14090 mark as of this writing.