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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
Litecoin has seen a bit of a rally over the last couple of months, just as we have seen in other crypto markets.
Ethereum rallied slightly during the trading session on Thursday.
Gold markets have rallied significantly during the course of the trading session.
The Euro fell a bit during the trading session on Friday as we have broken down through a 50 day EMA, all things being equal.
The Euro dollar, as you can see, drifted a little bit lower during the trading session on Thursday as we dropped below the 1.08 level.
The Bitcoin market has rallied slightly during the early hours of the day Thursday but at this point in time it still looks to me like it's a market that is trying to sort out whether or not it can continue to go higher.
Silver markets continue to find support right around the $24.50 level.
Right now, this is a pair that I'm paying close attention to due to the fact that it is at such high levels.
The US dollar initially fell against the Norwegian krone early on Thursday, but then turned around to show signs of life again.
The CHF/JPY pair is not one that a lot of people trade, but it is a crucial pair nonetheless.
The pair continued its slow ascent towards the peak recorded last week, which settled lower after the Turkish Central Bank decided to raise interest rates last Thursday.
As March trading draws to a close, the British pound has stabilized around the $1.26 level, poised for a quarterly decline of 0.7% against the US dollar.
Gold futures hit another record high in the middle of the holiday-shortened trading week.
According to forex market trading, the euro against the US dollar EUR/USD stabilized near the psychological support level of 1.0800 at the end of March trading.
Support zone between $0.6480 and $0.6488 likely to be pivotal today.