The US dollar rallied significantly during the trading session on Thursday as we continue to see a lot of volatility out there.
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 Australian dollar has gone back and forth during volatile trading on Thursday, as the world tries to understand the impact of the coronavirus on global growth.
The S&P 500 continues to find buyers at the 2350 level, an area that is crucial due to the fact that it was the blow from Christmas Eve of 2018
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The NASDAQ 100 went back and forth during the trading session on Thursday, showing signs of stability yet again.
The Euro initially tried to rally during the trading session but found the area near the 1.10 level would be far too resistive to continue going higher.
Silver markets gapped to the upside during the trading session on Thursday but then pushed back and forth in rather volatile trading.
The Bitcoin market broke higher during trading on Thursday, clearing the $6000 level quite handily.
The West Texas Intermediate Crude Oil market has gapped higher to kick off the Thursday session before breaking above the $25 level.
Gold markets have gone back and forth during the trading session on Thursday, as we continue to see a lot of confusion about what to do next.
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Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.
After the Bank of England announced its second unscheduled emergency interest rate cut in March,
New Zealand and Singapore announced initial economic stimulus measures, the latter leading the fight against Covid-19 related disruptions.
AUD/USD: Has AUD hit its bottom?
The German index has plunged again during trading on Wednesday as global equities continue to shed massive amounts of gains.
Silver markets fell a bit during the trading session on Wednesday as we continue to worry about the overall demand of industry when it comes to silver,