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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During my daily analysis of minor currency pairs, the NZD/CAD pair has captured my attention, due to the fact that we bounce from a large, round.
During my daily analysis of the USD/CAD pair, I have seen a lot of upward pressure, and we are now well above the crucial 1.40 level.
The USD/TRY pair continued to move at the same pace as it has been trading over the past few months.
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As predicted, Trump's victory has strengthened the US dollar, leading to further losses in gold prices, which have been steadily declining and are now around the support level of $2550 per ounce at the time of writing, the lowest price in two months.
In today's Thursday trading, the Japanese yen plummeted to its lowest level in four months against the US dollar, with losses extending to the 156.13 level.
Following the release of stronger-than-expected US inflation data, selling of the GBP/USD currency pair increased with losses extending to the support level of 1.2672, the lowest for the currency pair in three months.
Alongside the anticipated Trump policies - a stronger US dollar - US inflation figures came in stronger than expected.
The Euro has been all over the place against the Swiss franc during the trading session on Wednesday, as we continue to look at a market that just simply has no idea what to do with itself.
The Canadian dollar initially pulled back just a bit during the early hours on Wednesday, as the Japanese yen saw a little bit of strength early, but we have since turned around to show signs of life.
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The USD/RUB has demonstrated a rather nervous bullish trend since the end of July this year, the currency pair is now trading within sight of the important 100.0000 juncture.
The Dow Jones Industrial Average has been all over the place during the trading session, initially falling pretty significantly, then rallying, then falling again as we continue to undulate near the 44,000 level.
The USD/INR has seen new highs in early trading this morning, and day traders who are speculating on the currency pair need to remain vigilant as the bullish trend flourishes in choppy conditions.
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During my daily analysis of major currency pairs, the GBP/USD pair has captured a bit of attention due to the fact that we are at a major crossroads when it comes to the technical analysis aspect of this market.
The euro have been a little bit positive during the trading session on Wednesday against the Australian dollar as it looks like we are threatening the 50 day EMA.
During my daily analysis of the gold market, the first thing that I notice is that we did try to rally, but we gave back those gains to show signs of hesitation.