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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As widely expected, Bank of Japan maintained its monetary policy as is without any changes, therefore, the Yen remained under pressure as a result of increasing risk appetite and walking away from safe heaven assets.
At the beginning of Thursday trading, the GBP/USD pair shot up achieving strong gains up to 1.2917, before settling around 1.2897 at the time of writing.
The EUR/USD is holding to its gains despite the volatile Euro between wins and losses, however, there is still a case of stability for the EUR/USD around 1.0900 before the ECB’s meeting today.
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The EUR/USD pair initially tried to rally during the Wednesday session but turned around to continue the consolidation near the 1.09 handle. The British pound continues to go back and forth during the session on Wednesday, as we consolidate after making the massive breakout.
The S&P 500 tried to rally during the session on Wednesday but struggled at the 2400 level. The NASDAQ 100 initially tried to rally during the session on Wednesday, but turned around to form a shooting star.
The WTI Crude Oil market had a positive session after getting a bullish inventory number out of the United States. The natural gas markets gapped higher at the open, as we continue to see quite a bit of volatility in this market.
The USD/JPY pair rallied during the day on Wednesday, reaching towards the 112 handle. The AUD/USD pair initially tried to rally during the day but fell apart and sliced through the 0.75 level.
Gold rose on Wednesday, edging away from two-week lows reached in the previous session, as lower prices enticed buyers back to the market.
Get the NZD/USD Forex Signal for April 26, 2017 here.
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Get the AUD/USD Forex Signal for April 26, 2017 here.
Get the USD/JPY Forex Signal for April 26, 2017 here.
Get the USD/CAD Forex Signal for April 26, 2017 here.
Get the USD/CHF Forex Signal for April 26, 2017 here.
Get the GBP/USD Forex Signal for April 26, 2017 here.
Get the EUR/USD Forex Signal for April 26, 2017 here.