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 Australian dollar has demonstrated remarkable resilience in recent trading sessions, surging above the 50-Day Exponential Moving Average
The EUR/USD demonstrated significant strength during Wednesday's trading session, indicating an attempt to surpass the crucial 1.11 level.
The natural gas market experienced a slight pullback during Wednesday's trading session, maintaining consolidation within a familiar range.
Gold markets experienced a rally during Wednesday's trading session, encountering some resistance around the 50-Day Exponential Moving Average
Aussie given strong boost by risk-on sentiment from lower US inflation
The BTC/USD price remained in a deep slumber even as the US dollar index plunged and American stocks jumped.
The GBP/USD exchange rate continued its bullish trend after the US published encouraging consumer inflation data.
The EUR/USD price continued soaring after the relatively encouraging US consumer price index (CPI) data.
Today's recommendation on the lira against the dollar
For four consecutive trading sessions, the price of the EUR/USD currency pair received a strong bullish momentum.
The pound rose to a new high in 2023 against the dollar and returned to above 1.17 against the euro after the release of data indicating that wages in the UK are close to peaking.
For the second week in a row, the price of the USD/JPY currency pair is exposed to profit-taking sales that pushed it towards the support level 139.32.
For four trading sessions in a row, the XAU/USD gold price is moving in an upward retracement path, with gains that affected the $1941 resistance level
The USD/BRL closed near the 4.8535 price yesterday which was close to its low for the day, and within sight of near-term support which has been rather firm since the 5th of July.
The NZD/USD is trading near the 0.62030 ratio as of this writing.