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 Euro has done very little to change its overall attitude, we've gone back and forth, we've even tried to break above the 50-day EMA but gave back those gains.
Silver has gone back and forth on Thursday in early trading, but I think we're still stuck in the same range that we have been in for a while.
I see the $47,500 level as a major resistance barrier that will be very difficult to overcome. It's been important multiple times in the past.
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The EUR/USD pair has been under pressure since the start of this week, falling to its lowest level in a month at 1.0844.
Recently, the US dollar rose against the pound, euro, and other major currencies after US retail sales for December beat expectations.
The continued strength of the US dollar has increased selling pressure on gold XAU/USD, with losses extending to the lowest level in a month.
The British pound recovered against other major currencies during yesterday's session after inflation in the UK rose more than expected, leading financial markets to ease expectations of imminent interest rate cuts from the Bank of England.
The USD/JPY is near the 147.750 ratio as of this writing, a high late on Wednesday in the currency pair touched the 148.510 mark.
The ‘promised land’ of U.S ETF funds begun late last week and thus far the results have not produced a rocket ride upwards.
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The US dollar demonstrated another rally early on Wednesday against the Japanese yen, although it appears to be somewhat overextended.
The natural gas market experienced another decline on Wednesday, marking a retreat from the significant surge caused by the winter storm affecting the northeastern United States.
The DAX fell rather hard to kick off the trading session on Wednesday, reaching down toward the crucial 50-Day EMA.
The crude oil market experienced a slight pullback during Wednesday's trading session, but it remains firmly within a substantial consolidation range, drawing the attention of many investors.
The Australian dollar experienced a decline against the US dollar on Wednesday, signaling a potential move towards a significant support level.
The S&P 500 exhibited a minor retreat during Wednesday's trading session, reflecting an ongoing period of consolidation at elevated levels.