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
Yesterday, bears attempted to push the USD/JPY currency pair lower, but losses did not exceed the 149.70 level before settling around 150.00 at the time of writing the analysis.
Gold futures rose to their highest level ever this week, supported by monetary policy expectations, geopolitical tensions, and global economic outlook.
Amid limited attempts to rebound higher since the start of trading this week, the EUR/USD currency pair may be subject to additional volatility ahead of the European Central Bank's statement later this week.
The US dollar continues to be very flat against the Pakistani rupee, which makes sense considering that it is a highly manipulated currency by the central bank in Pakistan.
The crude oil markets are still rather agitated, with a drop during Tuesday's early hours.
During Tuesday's trading session, the silver market fell at first, but it later recovered and began to show signs of life once more.
The USD/MYR continues to correlate to the broad market and has seen selling create a trend lower since the 19th of February.
The AUD/USD is still fluctuating while we search for a major move, which might not happen anytime soon.
Yet bulls likely face strong resistance at $0.6534.
The natural gas markets have retreated in the early hours of Tuesday as we continue to view the $2.00 level as a significant resistance barrier, given its historical significance as a point of support for a phenomenon known as "market memory."
Because the USD/RUB does not have as much volume as the major currency pairs, speculators need to be patient.
Over the past few months, the NASDAQ 100 has been somewhat of a juggernaut.
Tuesday's trading session saw a notable increase in the price of gold.
Over the past several weeks, the euro has showed signs of being rather listless and rudderless.
Early in the day, the bitcoin market failed at its all-time high, only to reverse course and fall toward the $65,000 mark.