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 S&P 500 experienced a modest rally during Friday's trading session, again challenging the tight range that has characterized recent market activity.
The NASDAQ 100 shot straight up in the air on Friday, as we have now broken above the psychologically important 14,000 level.
The EUR/USD experienced some gains during Friday's trading session, only to face selling pressure later in the day.
The GBP/USD exhibited some signs of a rally during Friday's trading session, but the market remained plagued by volatile and unpredictable behavior.
The EUR/USD exchange rate retreated on Monday morning as the market reflected on the debt ceiling progress in the United States.
The BTC/USD pair drifted upwards during the weekend after it dropped to a low of 25,917 during the weekend.
The AUD/USD pair continued falling after the relatively strong US PCE data and the positive outlook on the debt ceiling issue.
Silver demonstrated resilience on Friday as it bounced back, indicating underlying strength and the presence of eager buyers.
The gold market witnessed a hesitant trading session on Friday, initially attempting to rally before succumbing to the pressures of higher rates in the bond markets and the strengthening US dollar.
The West Texas Intermediate (WTI) crude oil and Brent markets have displayed signs of resilience, recovering slightly after a recent sell-off.
The GBP/JPY demonstrated strength during early Friday trading, surpassing the ¥173 level.
The AUD/USD exhibited a slight rebound during Friday's trading session, showing signs of life after experiencing a significant selloff.
Traders who have jumped onto the selling bandwagon of the EUR/USD have likely enjoyed the past handful of days.
Support levels have continued to prove vulnerable in the GBP/USD as nervous trading conditions highlight Forex.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.