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
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.
The WTI crude oil market has initially fallen during the trading session on Wednesday but found plenty of support at a major support level in the form of $80.
If you are new to the Cocoa story the gain may look rather intriguing but not get much interest beyond a slight shrug of the shoulder.
The USD/PKR has actually turned in a rather fascinating move lower.
The French stock market has been extraordinarily strong for some time as the market is now stretching toward recent highs again.
The euro has pulled back a bit against the Japanese yen during the trading session on Wednesday.
The euro has gone back and forth for the fourth day in a row against the British pound, showing extreme amounts of pressure.
The Aussie dollar has fallen a bit during the trading session on Wednesday.
The S&P 500 has been very noisy during the early hours on Wednesday, shooting higher but then selling off.
The Nasdaq 100 has risen slightly during the early hours on Wednesday as we continue to see more of a buy on the dips market going forward.
We initially did try to rally, but the members of the Bank of Japan came out and did their usual jaw boning about monitoring currency fluctuations.