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 NASDAQ 100 has rallied significantly during the trading session on Thursday, gaining over 2% during the trading session.
The Australian dollar has rallied quite nicely during the trading session on Thursday, breaking above the 0.68 handle.
The US dollar has fallen a bit during trading on Thursday a bit of a “risk off” type of situation.
The British pound has been shopping around for several days, and I think at this point we are simply trying to digest some of the losses that Sterling has seen.
The Euro tried to rally during the trading session on Thursday but continues to find selling pressure above the 1.12 handle.
Gold markets pulled back a bit during the trading session on Thursday, testing the $1500 region before bouncing later in the day.
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The West Texas Intermediate crude market gapped a bit higher to kick off the trading session on Thursday, breaking above the $52.50 level.
Bitcoin has had a bit of a slow day on Thursday, originally try to break above the $12,000 level but could not hang onto enough momentum to do so.
Natural gas markets rally during the trading session on Thursday as we continue to reach towards the $2.15 level but also continue to see quite a bit of trouble.
The S&P 500 rallied significantly during the trading session on Thursday again, slicing through the 61.8% Fibonacci retracement level from the massive selloff that we had seen recently.
For three consecutive trading sessions, the EUR USD has been holding steady between the 1.1167 support and 1.1249 resistance in a narrow, limited and stable range
With the lack of economic data and events since the beginning of this week's trading, it was normal for the GBP / USD pair to consolidate during the last trading sessions