The S&P 500 initially pulled back just a bit on Thursday, perhaps turning around due to more “hopium” out there on Wall Street.
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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Ethereum continues to hang around the $1500 level, an area that we have been dipping around for the last three days in a row.
The Bitcoin market was relatively quiet during the trading session on Thursday, losing over 1%.
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The British pound has gone back and forth during the trading session on Thursday as we continue to see the 1.20 level offer quite a bit of resistance.
The Euro initially shot higher during the trading session on Thursday in reaction to the ECB raising interest rates by 50 basis points.
Gold markets have turned around quite drastically during the trading session on Thursday after initially hitting the crucial $1680 level.
The EUR/USD currency pair reversed half of its July drop in a rally that could be an early warning of a market inflection point
Gold prices were not able to stop the strength of the US dollar, which it described recently as temporary.
After strong gains at the beginning of this week's trading, reaching the resistance level of 1.2045, the price of the GBP/USD currency pair retraced yesterday to the level of 1.1924
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The USD/TRY currency pair rose during the morning trading today, Thursday, as the lira recorded new declines against the dollar, to its lowest level this year.
For five trading sessions in a row, the price of the USD/JPY currency pair is moving in narrow ranges between the level of 137.38 and the level of 138.55.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the second day in a row by 0.15%, to add to the index about 47.79 points.
Spot natural gas prices fell in their recent trading at the intraday levels, to record daily losses until the moment of writing this report, by -2.18%.
The EUR/GBP is trading at short term highs and challenging Wednesday’s resistance levels as of this writing.
The USD/CAD is flirting with short term lows and the trend for the currency pair suddenly is starting to show signs of bearishness, but is it real?