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
Get the EUR/USD Forex signal for December 5, 2018 here.
The WTI Crude Oil market initially tried to rally during trading on Tuesday but found enough resistance just below the $55 level roll things over and start pushing lower.
The US dollar fell rather hard against the Japanese yen during the day on Tuesday, slicing through the ¥113 level, which of course is a very sign.
The Euro initially shot higher during the trading session on Tuesday but ran into a buzz saw of selling at the 1.14 handle again.
Bitcoin markets fell back below the $4000 level after initially rallying during the day on Tuesday.
Gold prices ended Tuesday’s session up $7.63 an ounce as rising volatility in global equity markets and falling U.S. Treasury yields bolstered demand for gold.
Get the NZD/USD Forex signal for December 4, 2018 here.
Get the AUD/USD Forex signal for December 4, 2018 here.
Get the USD/JPY Forex signal for December 4, 2018 here.
Get the BTC/USD Forex signal for December 4, 2018 here.
The Euro had a back and forth type of trading session on Monday as traders came back from the weekend.
Bitcoin markets broke down again during the day on Monday after trying to rally over the weekend.
The WTI Crude Oil markets gapped higher to kick off the week on Monday as there’s been a bit of a “risk on rally” around the world after the United States and China decided to call a bit of a cease-fire in the trade war.
During the weekend, the Americans and the Chinese have come to an agreement to put a 90 day moratorium on fresh new tariffs, which of course is exactly what the market was hoping.
The US dollar gapped higher during early trading on Monday, came back to fill the gap, and then rally again.