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 S&P 500 exhibited overnight gains as traders increasingly bet on the Federal Reserve's reluctance to raise interest rates further.
The GBP/USD retreated to the support level of 1.2403 after lower-than-expected UK inflation figures and is stabilizing around the 1.2413 level at the start of the Thursday session.
The silver market displayed a modest rally during Wednesday's trading session, once again testing recent highs.
Recently, the USD/JPY pair reached the resistance level of 151.38 after selling in the middle of the week reached the level of 150.04.
The natural gas market experienced a modest rally during Wednesday's trading session, continuing the trend of heightened volatility that has characterized recent trading.
The gold market experienced a rollercoaster ride during Wednesday's trading session.
The EUR/USD had a mixed performance during Wednesday's trading session, reflecting the ongoing uncertainty in the currency markets.
New weakness in the USD.
It has been a busy week for the GBP/USD pair as the US and UK published the latest consumer and producer inflation data.
The EUR/USD exchange rate is loitering near the highest point since September 1st as traders reflected on key US economic data.
Bitcoin price staged a strong comeback in the overnight session as demand for the coin continued.
The Turkish currency stabilized during early trading today, as the USD/TRY pair traded near its highest levels ever.
The USD/JPY displayed a slight retreat during the Tuesday session, casting doubt on its ability to achieve a decisive breakout above the recent highs.
The EUR/USD showed signs of strength early on Tuesday as it approached a critical technical indicator, the 200-Day EMA.
The gold market is currently hovering around the 38.2% Fibonacci level, reflecting the ongoing struggle to gather enough momentum for a significant move upwards.