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
Since the start of this week’s trading, the XAU/USD gold price has been trying to stop the pace of its recent losses.
The losses of the TRY/USD did not stop at all for more than a month, with the Turkish currency declining to record levels of losses on a daily basis.
The USD/SGD is trading near a value of 1.34950 as of this writing with the usual rapid price action the currency pair demonstrates.
The NZD/USD is trading near the 0.60690 mark as of this writing.
The S&P 500 exhibited a back-and-forth movement during Tuesday's trading session, with the index hovering just below the significant 4300 level.
The silver market experienced a slight decline during Tuesday's trading session, contributing to the ongoing noise in the market.
Natural gas markets experienced a minor setback during Tuesday's trading session, with a slight decline of just over 2% overnight, only to turn back around and start rallying again.
The GBP/USD made an initial attempt to rally during Tuesday's trading session but quickly retraced its gains.
The GBP/JPY exhibited a slight pullback against the Japanese yen during Tuesday's trading session, reflecting ongoing noisy behavior in the market.
The USD/JPY experienced an initial attempt to decline against the Japanese yen in Tuesday's trading session.
The AUD/USD showcased a mixed performance in Tuesday's trading session, initially rallying and breaking above the 50-Day Exponential Moving Average (EMA).
The gold market displayed mixed price action during Tuesday's trading session, as it oscillated near the 50-Day Exponential Moving Average (EMA).
The EUR/USD had another decline in Tuesday's trading session, reflecting the ongoing presence of turbulent market behavior.
The West Texas Intermediate (WTI) Crude Oil market experienced further declines during Tuesday's trading session, erasing the entire gap that formed after OPEC's announcement of a significant 1 million barrel production cut.
The GBP/USD pair was flat on Wednesday morning as the recent consolidation continued.