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 recent selling operations pushed the price of the GBP/USD pair to the threshold of the support level 1.2600, which paves the way for a break in the bullish trend.
During the trading session on Wednesday, the S&P 500 index experienced a slight pullback, a testament to the ongoing volatility and fluctuating conditions in the market.
Japanese policymakers and business leaders seem more optimistic about the recent slide in the yen than they were about the crash that triggered intervention last year
During Wednesday's trading session, silver exhibited a slight dip but quickly rebounded with buyers rallying near the $22.50 level, eventually reaching the 200-Day Exponential Moving Average (EMA).
The NASDAQ 100 initially shot higher during the trading session on Wednesday but gave bank gains to form a less-than-enthusiastic candlestick.
During the Wednesday trading session, the GBP/USD witnessed an initial plunge, revisiting the 1.2650 level.
The USD/TRY rocketed higher late last week and mounted another climb on Monday, but since this move upwards a rather calm currency market has suddenly developed.
The West Texas Intermediate Crude Oil and Brent markets have experienced significant fluctuations in recent trading sessions.
During Tuesday's trading session, the natural gas market experienced a slight pullback, primarily influenced by the significant resistance level at $3.00.
The gold market experienced a back-and-forth trading session on Wednesday, demonstrating intermittent strength within a limited range.
My previous BTC/USD signal on 14th June was not triggered as none of the key support or resistance levels were reached that day.
The EUR/USD faced a minor pullback during Wednesday's trading period, remaining closely tethered to the 1.09 mark.
The AUD/USD witnessed a significant decline during Wednesday's trading session, dropping toward the 0.66 level.
The GBP/USD price continued its downward spiral as the US dollar index (DXY) jumped by more than 40 basis points.
The forex market in the American and Asian sessions was characterized by a stronger dollar as central bank officials delivered their remarks at the ECB Summit in Portugal.