Gold markets broke down rather significantly during the trading session on Thursday as we continue to see a lot of volatility around the world.
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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NZDUSD: Bullish break above bearish price channel advances
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USDJPY: More bullish but 106.73 still holds
USDCAD: Bearish as BoC passes on rate cut
Hotter temperatures forecasted in the United States continues to drive natural gas prices higher, as we have broken above the $2.40 level for the first time since July.
The Australian dollar has rallied quite nicely during the trading session on Wednesday, slamming into the 0.68 level, an area that should continue to offer plenty of resistance based upon recent action.
The West Texas Intermediate Crude Oil market rallied significantly during the trading session on Wednesday as traders bought everything they can get their hands on.
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The US dollar has rallied slightly during the trading session on Wednesday but has stayed within the relatively tight range that we had been in for some time.
The S&P 500 has rallied again during the trading session on Wednesday to fill the gap that we opened up on Tuesday.
USDCHF Analysis: Bullish double bottom at 0.9800?
GBPUSD: Increasingly bullish as British Parliament votes to stop Brexit/election moves
EURUSD: Bulls held by strong resistance at 1.1035
The Euro has rallied during the trading session on Wednesday to break back above the 1.10 level.