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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Start the new trading week of August 5, 2019 prepared with our Forex forecast for major currency pairs here!
The Euro has fallen pretty hard during the trading session on Thursday, only to turn back around and bounce.
The NASDAQ 100 has had a rough session during Thursday, initially shooting higher and actually breaking above the 8000 handle.
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West Texas Intermediate Crude broke down rather significantly during the trading session on Thursday, slicing down towards the $55 level.
The British pound initially fell during trading on Thursday, but then turned around of form a bit of a hammer late in the day.
The natural gas markets have initially tried to rally during the trading session on Thursday but have rolled over rather significantly at the 50 day EMA
The Australian dollar has had a major turnaround during the trading session on Thursday, initially breaking above the 0.6850 level, but then turned around to break down towards the 0.68 level underneath.
The US dollar has pulled back significantly after initially trying to rally during the Thursday session.
The US dollar has rallied a bit during the trading session on Thursday, reaching towards the 19.25 pesos level.
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The S&P 500 gapped a bit lower during the trading session on Thursday to kick everything off, found buyers to turn around and break above the 3000 handle, and then broke down rather massively.
Gold markets exploded to the upside after initially pulling back on Thursday due to Donald Trump tweeting yet again.
As expected, the US Federal Reserve cut US interest rates by a quarter point, despite that the US dollar recorded strong gains against other major currencies, as the vote on the cut was not unanimous among the bank's monetary policy members.
The performance of the pound against major currencies will interact with the announcement of the Bank of England announcement of its monetary policy
Stronger gains for the US dollar after the Federal Reserve announced its monetary policy supported stronger losses of gold, pushing it to $1404 support level an ounce
The US Federal Reserve, as expected, announced cutting US interest rates for the first time in 10 years by a quarter point,