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 US Federal Reserve still abandoned the tightening policy temporarily, as it kept the US interest rate unchanged last week.
The EUR/USD went into the weekend near the 1.09410 level after producing a high on Friday near the 1.09725 ratio, before a slight reversal lower.
Speculators who want to look for reversals higher in the USD/MXN must acknowledge they would be betting against what has become a very strong bearish trend in the currency pair.
The USD/ZAR has powered lower as the currency pair, much to the astonishment of many, has correlated to the broad Forex market.
The US dollar has shown strength against the Japanese yen in Friday's trading session, signaling the greenback's continued resilience in this currency pair.
Silver experienced a modest rally during Friday's trading session, surpassing the 50-Day Exponential Moving Average and crossing the $24 level in the futures market.
Natural gas markets witnessed a modest rally during Friday's trading session, driven by mounting concerns over the European supply.
The EUR/USD exhibited a slight rally during early trading on Friday, benefiting from the ongoing softening of the US dollar.
The British pound exhibited a modest rally early in the trading session on Friday, although signs indicate a slight slowdown.
During the Friday trading session, the British pound staged an impressive rally, showcasing a parabolic surge.
The S&P 500 showed signs of strength during Friday's trading session, initially rallying and approaching the significant 4500 level.
A surge of momentum entered the gold markets during Friday's trading session, propelling the precious metal to brush against the 50-Day Exponential Moving Average.
The West Texas Intermediate Crude Oil (WTI) market displayed a back-and-forth movement during Friday's trading session, nearing the upper boundary of its short-term range.
The AUD/USD kicked off the trading session on Friday with a feeble attempt to rally, as it flirted with the critical 0.69 level.
My last signal on 7th June was not triggered as there was no bearish price action when the resistance level identified at $0.6705 was first reached.