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
At the beginning of trading this week Gold futures rose slightly, supported by a weaker US dollar.
The USD/TRY stabilized near its highest levels ever, while the shares of Turkish banks recorded strong declines during the trading at the beginning of the week.
During Monday's trading session, the USD/JPY displayed a noteworthy rally, surpassing the ¥145 level once again.
Amidst Monday's trading session, the GBP/USD showcased a measured upward swing, which was subsequently accompanied by a slight retracement of its steps.
In the gold markets, the recent trading session on Monday showed a measured uptick in value, marked by a recovery from the 200-Day Exponential Moving Average.
The West Texas Intermediate (WTI) Crude Oil market displayed a modest upward move during Monday's trading session, surpassing the $85 level.
During Monday's trading session, the GBP/JPY exhibited a substantial rally, effectively leaving the ¥185 level behind.
After failing to touch highs around the 1.35750 ratio that were traversed on Friday, yesterday’s trading having produced a high of nearly 1.35730 began to reverse lower.
The USD/SGD has turned lower in recent trading, this after last week’s climb to a high not seen since December 2022 around the 1.36255 level.
During Monday's trading session, the S&P 500 displayed a modest rally, managing to surpass the upper level of the hammer pattern observed during the Friday session.
Silver witnessed a substantial rally in Monday's trading session, propelling it closer to the prominent 200-Day EMA (Exponential Moving Average), a technical benchmark that holds significant psychological importance within the market.
The natural gas market showed a positive shift in Monday's trading session, surpassing the 50-Day EMA.
The EUR/USD exhibited a modest rally during Monday's trading session, signaling a resurgence as it surged above the 1.09 level.
The AUD/USD encountered a brief dip in Monday's trading session, only to swiftly recover shortly after.
The GBP/USD pair remained in a consolidation phase on Tuesday morning as the US bond yields surge continued.