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
Early trading in the USD/ZAR this Monday has seen the currency pair come off highs generated before going into the weekend, as traders seek fair value and tranquil outcomes.
The trading session on Friday witnessed a slight rally in the US dollar.
The recent performance of the GBP/USD in the trading session has been marked by a downward trend.
Crude oil markets once again witnessed a resurgence in activity during Friday's trading session, characterized by the persistent presence of turbulent price fluctuations.
The GBP/JPY has exhibited a persistent consolidation pattern against the Japanese yen, with the market hovering around the ¥185 level.
The AUD/USD has experienced a notable decline in recent days, and Friday exhibited a continuation of this downward trend.
The GBP/USD exchange rate remained under pressure on Monday morning as traders assessed risks to the US economy.
Bitcoin price continued its spectacular comeback as demand from retail and institutional investors continued.
The AUD/USD exchange rate dropped for six straight days as the US dollar index (DXY) continued its rebound.
My previous EUR/USD signal on 8th November was not triggered as unfortunately the bullish price action took place a few pips below the support level which I had identified at $1.0668.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of November 12th, 2023 here.
The EUR/USD was trading near a high of almost 1.07575 on Monday of last week which touched a high last seen on the 13th of September.
WTI Crude Oil will begin its cash trading around the 77.290 mark this week.
The US Dollar and US Stock markets rose firmly, in a move which is not easily explained by fundamentals or sentiment.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.