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
Browse by category
Forex Daily Forecast, Analysis and Prediction
The S&P 500 rallied a bit during the trading session on Friday, but then gave back the gains as we have gotten a bit of an overextension.
The NASDAQ 100 rallied a bit during the trading session on Friday, to finish the week testing the 8800 level.
Gold markets look like they are ready to pull back a bit during the next couple of days.
USDJPY: Bearish below 108.96
Bitcoin is very unlikely to do much during the remainder of the year, as we continue to hang around the $7200 level.
Bitcoin: Bearish head & shoulders would complete below $7,000
US Dollar weakness may be one of the key trends in the Forex market for 2020, but the current sell-off in the world’s top reserve currency appears ripe for a short-term bounce.
January will feature Brexit and usher in the transition period, which is officially ending on December 31st 2020.
Bearish momentum is accumulating after this currency pair pushed into its resistance zone on the back of the low volume.
With two days remaining in 2019 and many traders on vacation until next week Monday.
GBPUSD: More bullish above 1.3136
EURUSD: Strongly Bullish Breakout
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 30, 2019.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of December 30, 2019 here.
Enjoy the few trading days this week with our forecast for major currency pairs here.