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
During Wednesday's trading session, the euro displayed indecisiveness, fluctuating within the range of the 50-Day Exponential Moving Average and the 1.09 level.
During Wednesday's trading session, the GBP/USD experienced a slight decline, hovering above the 1.2650 level, which had previously acted as resistance and may now serve as a potential support level.
In Wednesday's trading session, the AUD/USD experienced a slight pullback, encountering resistance at the 50-Day Exponential Moving Average.
The GBP/USD reacted mildly to the latest UK services PMI numbers and minutes by the Federal Reserve.
The EUR/USD price retreated to the lowest level since Friday as the Fed minutes pointed to more rate hikes.
Bitcoin remained above $30,000 in the overnight session as the recent consolidation continued.
My previous signal on 28th June produced was not triggered, as there was no bullish price action when the support level at $0.6610 was first reached.
The TRY/USD maintained its stability after inflation data for the month of June and amid reports of the return of support by state banks in Turkey to the price of the lira.
There has been little change in the performance of the USD/JPY, as it is still stable around its highest in eight months now, at 144.45, and its highest recent resistance was around the 145.06 resistance level.
For three consecutive trading sessions, the price of the GBP/USD currency pair is trying to rebound to the upside, but its gains did not exceed the resistance level of 1.2740, and the rebound came after the currency pair collapsed towards the support level of 1.2591.
Amid movement in narrow ranges since the start of trading this week with a bearish tendency, the price of the EUR/USD currency pair may be exposed to more fluctuations.
As is the case with other markets and trading products, the gold price has been moving in very narrow ranges since the start of trading this week in light of the American holiday.
The euro experienced a slight decline during Tuesday's trading session, characterized by a back-and-forth movement.
The British pound showcased a slight rally, even in the midst of Independence Day celebrations, which typically lead to reduced liquidity.
The Pound experienced a brief pullback but quickly regained its momentum, showcasing its resilience and determination to continue its upward trajectory.