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 natural gas futures market currently hovers at the significant $3.00 level, which carries psychological weight in the markets.
The gold market has recently experienced a whirlwind of fluctuations, leaving investors and traders on edge.
The GBP/USD staged a noteworthy rally against the US dollar during Wednesday's trading session, indicating a potential shift in market sentiment.
The AUD/USD displayed a notable rally during Wednesday's trading session, only to encounter a familiar obstacle at the lower boundary of a previously observed wedge pattern.
The GBP/USD exchange rate drifted upwards on Wednesday and Thursday morning after the relatively weak private payrolls data.
The EUR/USD price bounced back in the overnight session as the US bond sell-off eased after the latest US private payrolls data.
The BTC/USD pair has stabilized in the past few days after losing the momentum it had on Monday.
The AUD/USD exchange rate crashed to the lowest level in more than 11 months as Australia’s bond yields jumped.
The price of the Turkish Lira varied against the US dollar during early trading on Wednesday morning, as the Turkish currency stabilized near its lowest levels ever against the dollar.
The abrupt move upward in the USD/BRL the past couple of days may have caught bearish traders by surprise, price velocity has been fast and resistance levels have proven vulnerable.
The NZD/USD has continued to slide lower since making rather intriguing highs last Friday, the move lower once again has highlighted the bearish trend of the currency pair.
The downward path of the EUR/USD currency pair was the most prominent during this week, as the EUR/USD pair moved towards the 1.0448 support level, its lowest during the year 2023.
The GBPUSD exchange rate is approaching the psychologically important 1.20 level, but the next notable source of support can be found at the 1.19 level according to analysts' pessimistic outlook towards the currency pair.
Suddenly, and as we have often noted and warned about, the Japanese yen rose from its weakest levels in a year against the US dollar amid speculation that Japanese officials were working to slow the decline of the currency.
The continued strength of the US dollar and the increase in bond yields contributed to the increase in gold sales.