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 US dollar has rallied slightly during the trading session on Thursday against the Israeli shekel, as the overall action over the last couple of months have suggested a bit of a “bullish flag” setting up.
Gold has been somewhat choppy during the early hours on Thursday, which quite frankly is a repeat of the last several days in a row.
The Nasdaq 100 pulled back slightly during the early hours on Thursday, but at this point in time, it looks like a market that's just trying to digest some of the massive gains that we had seen so far.
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Bitcoin pulled back just a little bit during the trading session on Thursday, as we continue to look at the $60,000 level as a potential support level.
The US dollar initially tried to rally a bit during the early hours on Thursday, but then pulled back to reach the 18.50 level.
The pound initially shot higher during the early hours on Thursday but has since fallen to test the 50 day EMA.
Trading of the US dollar against the Turkish lira varied during Thursday's session.
The euro has rallied again during the early hours on Wednesday against the British pound, as we continue to see the British pound suffer at the hands of volatility.
May 09, 2024, Analysis of euro price against the dollar EUR/USD
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The Parisian CAC rallied again during the early hours on Wednesday, as we continue to see a lot of upward pressure in equities globally.
The British pound fell during the early hours on Wednesday as we continue to see a lot of volatility in the GBP/CHF pair.
The yen's collapse resumed this week as concerns about the country's economy and interventions continued.
The USD/PKR has traded lower in the past week and is maintaining value within the midst of a range band that is testing mid-term depths.
The British pound has rallied a bit during the trading session on Tuesday against the Japanese yen, which does make a certain amount of sense considering we have been in an uptrend for some time.
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Ethereum has had a slightly negative trading session on Wednesday, as we continue to hang around the crucial $3000 level.