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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In my daily analysis of the US dollar against the Canadian dollar, the first thing I see is that we are rallying quite hard, after initially falling a bit during the trading session.
In my daily analysis of exotic currency pairs, the USD/PHP currency pair continues to be a bit lackluster.
The Turkish lira rose slightly during Asian trading on Thursday morning, while trading was close to its all-time lows recorded yesterday.
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The Pound Sterling reached a two-year high against the US Dollar amid a renewed rise in global equity markets, with one market expert saying that any weakness would only invite more buying interest.
Ahead of a batch of crucial US economic data, the Japanese Yen traded around 144 Yen against the US Dollar, hovering near its strongest levels in three weeks.
With the bulls failing to push the EUR/USD pair beyond the resistance level of 1.1200, its highest in over a year, the pair has experienced profit-taking selling, pushing it towards the 1.1105 support level and stabilizing around 1.1120 at the beginning of trading today, Thursday.
During Wednesday's trading session, the gold price declined below the $2,500 per ounce level, with losses extending to the support level of $2,493 per ounce.
The NASDAQ 100 has been somewhat noisy and negative, but really at this point in time, I think we do have enough support underneath to turn things around and we could go looking to the upside.
The British pound has pulled back just a bit against the Canadian dollar during the trading session on Wednesday, but it looks like we have plenty of support.
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Like a steady heartbeat the USD/PKR traverses a known technical range which delivers a rather consistent range for speculators.
The currency pair has achieved a fresh low today and it is now challenging values last seen in January of 2023.
The CAC 40 is at a major inflection point.
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This asset looks as if it is ready to bounce from a major level, so I think ultimately you need to pay close attention to it.
The US dollar has rallied a bit in the early hours on Wednesday against the Swedish Korona as the 10.15 level seems to be an area that a lot of people are paying attention to.
The first thing I see is that we see a little indecisive at the moment.