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
As of this writing the USD/MXN is near the 17.14500 ratio, after a week in which a higher mark of 17.26525 was tested on Friday, but then curiously started to reverse lower.
On Wednesday of last week the 21st of June, the USD/ZAR was trading around the 18.30000 ratio in a rather comfortable mode when technical upwards momentum began to not only show signs of brewing, but potentially boiling over.
The US dollar is on top amid expectations of higher interest rates in the US and other major developed economies, which economists fear will lead to the kind of economic slowdown
The S&P 500 experienced a slight decline during Friday's trading session, signaling a return of negativity and gravitational forces in the market.
Gold markets experienced a slight bounce during Friday's trading session, finding support at the 61.8% Fibonacci retracement level.
The GBP/USD experienced a slight pullback during Friday's trading session but quickly found buyers at this dip.
The GBP/JPY initially experienced a slight retreat during Friday's trading session but quickly reversed its course, displaying signs of strength.
The USD/JPY exhibited a slight rally against the Japanese yen during Friday's trading session.
Silver experienced a brief plunge at the start of Friday's session before displaying signs of a potential recovery.
The natural gas market experienced a cautious and uncertain session on Friday as traders grappled with various factors shaping the landscape.
The EUR/USD experienced a significant decline during Friday's trading session, approaching the 50-Day Exponential Moving Average.
Crude oil markets experienced significant declines during Friday's trading session as prices probed toward the lower end of the recent consolidation range.
The AUD/USD has experienced a tumultuous trading session, initially attempting a recovery before being hit hard by increasing volatility.
The GBP/USD moved sideways last week even after the strong UK inflation data and a bigger rate hike by the Bank of England (BoE) than expected.
Bitcoin continued rising during the weekend as the recent momentum continued.