The US dollar has rallied on Thursday but continues to struggle right around the 20.9 pesos level, as it is an area that continues offer plenty of resistance.
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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Bitcoin has initially tried to rally during the day on Thursday, but the $60,000 level could not hold as support.
The Euro rallied a bit during the course of the trading session on Thursday to break above the top of the hammer from the previous session.
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The British pound initially dipped a little bit on Thursday, but then rose again as we continue to see an upward correction of the massive selloff.
The US Dollar Index retreated from its highest level in 16 months after hitting a major technical resistance level on the charts.
The EUR/USD's attempts to correct upwards are still very weak, as the US dollar's gains are still helped by the imminent raising of US interest rates.
New indications from the Bank of England about raising interest rates contributed to the recovery of the pound against the other major currencies.
For the second day in a row, gold is stabilizing around $1870 after recent sell-offs that pushed the price of gold to $1850 in this week's trading.
The USD/BRL traversed higher again yesterday and finished its trading within short-term highs, and speculators now need to decide if the trend can be sustained.
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The USD/ZAR has been able to create a solid consolidated price realm the past couple of days after producing another bullish run higher on the 16th of November.
The NASDAQ 100 initially rallied on Wednesday but gave back the gains in order to show signs of weakness.
The euro broke down significantly to plunge below the 1.13 handle, reaching towards the 1.1250 level.
The British pound started to dip slightly on Wednesday but turned around to show signs of strength.
The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.
The S&P 500 went back and forth on Wednesday as we hang around the 4700 level.