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 experienced a minor rally during Tuesday's trading session.
The AUD/USD initially experienced a pullback during Tuesday's trading session but eventually reversed course and rallied toward the 50-Day Exponential Moving Average.
The forex market has been a bit muted this week as most US investors and traders stayed in the sidelines due to the Independence Day holidays.
The EUR/USD price has been relatively muted this week because of the US Independence Day holiday and the lack of important economic data.
The AUD/USD price continued rising as traders reflected on the next moves by the Reserve Bank of Australia (RBA) after the bank left rates unchanged.
My previous BTC/USD signal on 29th June produced a profitable short trade from the bearish rejection of the resistance level at $31k.
The Turkish lira maintained its stability against the US dollar, amid reports of the return of government banks' support in Turkey for the price of the lira, amid fears of further declines in the currency's price.
Trading volume in the USD/BRL will be light today because of the U.S. Independence Day holiday.
Bearish traders of the USD/SGD who have been trying to sell the currency pair consistently may be in a rather happy mood; this after a strong reversal has been demonstrated since hitting a high of nearly 1.35740 on Friday.
The British pound has rallied ever so slightly during the trading session on Monday, as we continue to follow the 50-Day EMA against the Canadian dollar.
The Japanese yen continued to decline even after the Bank of Japan showed signs of tightening.
Gold futures started the second half of 2023 with modest gains amid stable US dollar prices.
GBP/USD gave up some of its gains in June by the end of the month, but with technical support emerging around 1.26, it is likely to consolidate between there and a nearby resistance pocket around 1.2850 this week.
The US dollar initially attempted to rally during Monday's session but encountered some resistance, signaling a possible pause in its upward trajectory.
The British pound commenced the trading week on a bullish note, intending to break out to the upside.