The NASDAQ 100 has rallied again during the trading session on Thursday to test the highs again, as we are above the 9000.
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.
Most Recent
The US dollar initially tried to rally against the Indian Rupee during the trading session on Thursday, as we continue to see a bit of a recovery
The silver markets have rallied significantly during the trading session on Thursday, as the US dollar got crushed after Fed funds rates for December 2020 went negative.
Top Forex Brokers
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but ran into the 50 day EMA to start selling off yet again.
The gold markets rallied significantly during the trading session on Thursday as the Fed Funds Futures rate went negative for December 20.
The continued collapse of the US labor market increases the pressure on the US dollar, especially with investors' appetite for safe havens amid new tensions in relations between the United States and China, this time around the Coronavirus.
Gold prices lost $28 with prices dropping to $1681 an ounce before returning to stability around the $1692 level at the time of writing.
As expected in recent technical analyzes of GBP/USD, the pair's bearish momentum may push it towards the 1.2320 support, which in turn may increase the pair's bearish momentum and pave the way for stronger support levels.
For four consecutive trading sessions, the EUR/USD pair continued to correct downward, with losses that reached it to the 1.0781 level of, the lowest level in two weeks ago, before settling around the 1.0795 level in the beginning of Thursday's trading.
Bonuses & Promotions
AUD/USD: Bulls and bears are evenly matched
USD/JPY: Resistance at 106.42 looks pivotal
BTC/USD: Level at $9,150 has flipped to become support
The Euro has broken down during the trading session on Wednesday, reaching down towards the 1.0750 level.
The US dollar has broken through significant support that has been in effect for the last several days, and now is threatening the ¥106 level.
The Australian dollar has initially tried to rally during the trading session on Wednesday but gave back the gains to form a bit of a shooting star.