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 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.
The EUR/USD pair drifted slightly as market participants bought the dip after it dropped to a multi-week low of 1.0844 last week.
The BTC/USD pair remained in a tight range on Tuesday as traders reacted to last Friday’s crash and the soaring bond yields.
The AUD/USD is still sitting at its lowest level since November last year as concerns about Australian growth continued.
During last week's trading, the bears increased the pressure on the performance of the EUR/USD currency pair, with losses affecting the support level 1.0845,
By the end of last week's trading, gold futures contracts cut off a series of losses that lasted for nine days.