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 Nasdaq market fell initially during the trading session on Tuesday but turned around to show signs of strength again
We mentioned in the previous technical analysis that the bullish correction for the pair is still weak and is expected to decline again if the Euro does not find stronger catalysts.
The price of the yellow metal had the worst performance in a year, as the price fell to the level of support at $1382 per ounce from the resistance level of $1424 and stabled around 1392 at the time of writing
The British manufacturing sector was significantly affected by the slowdown in the global economy and the uncertainty of Brexit future, which added to the pressure on the pound.
Weak US Economic Results stopped the USD / JPY recovery pushing it to 108.52 at the beginning of this week as investors were optimistic of the Trump and Xi agreement on the resumption of trade negotiations.
NZDUSD: 0.6650 area looks pivotal
AUDUSD: RBA cuts rates to record low of 1.00%
USDJPY: 108.14 still holding as support
Bitcoin: Strong bearish retracement threatens $10k
USDCAD: Still bearish below 1.3153
USDCHF Analysis: Bullish above 0.9848
GBPUSD: Pound weak against resurgent Dollar
EURUSD: More bearish below 1.1317
The Euro got absolutely hammered during trading on Monday as we came back to work.
The British pound initially nudged slightly higher during the day on Monday but then turned around to break down significantly.