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 New Zealand dollar has shot higher against the US dollar during early trading on Thursday as traders continue to react to the Federal Reserve cutting interest rates by 50 basis points on Wednesday.
The Parisian index skyrocketed during the trading session slamming into the 7600 euro level but perhaps more importantly the 200 day EMA.
The euro has shot higher against the Japanese yen in early trading on Thursday to reach the 160 yen level.
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As you can see during the trading session on Thursday, it was a positive session, breaking well above the $70 level and it now looks like we could threaten $72.50.
Gold markets have rallied pretty significantly during the early hours on Thursday as we are trying to recover a lot of the lost ground late during the day on Wednesday.
The Turkish Lira traded against the US Dollar in early trading on Thursday morning.
Recent trades have seen the British Pound rise to near $1.33, its strongest level since February 2022, benefiting from the general weakness of the US dollar.
The EUR/USD currency pair jumped to its highest level in three weeks at the resistance level of 1.1189 following a larger-than-expected US interest rate cut.
Gold retreated to $2563 after almost hitting a new record high of $2600/oz as investors digested the latest US Federal Reserve decision.
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The Euro initially tried to rally a bit against the US dollar in early trading on Wednesday, but as we creep towards that FOMC interest rate decision statement and press conference, it looks like a little bit of the bullishness is starting to come out of this market.
The USD/ILS had been trading rather comfortably around the 3.74500 vicinity on Tuesday of this week when news from the region once again became a focus for financial institutions.
The US dollar initially rallied a bit during the early hours on Wednesday against the Russian ruble, but it faces a pretty significant resistance barrier just above.
The U.S Fed interest rate cut of 0.50% on Wednesday caused an immediate jump higher in the NZD/USD.
The FTSE 100 has slipped a bit, testing the 50 Day EMA indicator.
It's clear that there is more risk appetite out there, especially now that the Federal Reserve has decided to cut interest rates by 50 basis points.