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 USD/JPY experienced a modest rally during Wednesday's trading session, indicating sustained upward pressure.
The NASDAQ 100 has fallen during the trading session on Wednesday, as the 15,250 level that had originally been a target has now offered a bit of the ceiling.
The EUR/USD exhibited back-and-forth movement during Wednesday's trading session as it attempts to alleviate some of the excessive volatility.
WTI Crude Oil (US Oil) and Brent markets experienced further rallies during Wednesday's trading session, with both approaching the 50-Day EMA as a potential dynamic resistance level.
The AUD/USD made an initial attempt to rally during Wednesday's trading session but encountered a barrier at the 0.68 level, unable to overcome it.
The S&P 500 appears poised to encounter some profit-taking following its recent meteoric ascent.
During early trading on Wednesday, the silver market experienced a significant downturn due to the strengthening of the US dollar.
During Wednesday's trading session, gold markets experienced further declines, nearing the lower end of recent support levels.
During Wednesday's trading session, the GBP/USD initially attempted to rally but eventually relinquished its gains.
The GBP/JPY showcased an early rally during Wednesday's session but displayed signs of hesitation as the market awaits clarity on risk appetite.
The GBP/USD price drifted upwards after the latest UK consumer price index (CPI) data.
The BTC/USD pair continued rebounding as sentiment in the crypto industry improved.
The AUD/USD pair dropped to its lowest level since June 13th and then quickly rebounded to a high of 0.6800.
My previous EUR/USD signal on 13th June was not triggered, as there was no bearish price action when the price first reached the resistance level identified at $1.0796.
The TRY/USD maintained its stability during trading today, Wednesday, a day before the Central Bank's expected decision on interest rates.