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 pound rose to its highest level against the euro since December after data showed that UK inflation came in well above expectations in April but quickly gave up the advance amid potential concerns that the UK is facing a unique inflationary problem.
The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.
The USD/BRL closed trading near the 4.9600 price yesterday as the currency pair has produced a rather confident value realm for speculators to wager.
The GBP/JPY pair experienced a drop during Wednesday's trading session, only to find buyers again, indicating the presence of ongoing support levels.
The British pound displayed a back-and-forth movement during Wednesday's trading session, reflecting the ongoing noise and volatility in the market.
The US dollar had a mixed performance in Wednesday's trading session, oscillating around the recently broken ascending triangle pattern.
The Silver market experienced a significant decline on Wednesday as initially, the US dollar emerged as the default winner in early trading hours.
The NASDAQ 100 drifted a little bit during the trading session on Wednesday, as we reached near the 13,500 level.
The USD/TRY is trading at all-time record levels as of this morning, this as the currency pair continues to traverse upwards steadily.
My previous EUR/USD signal on 22nd May was not triggered, as none of the key levels which I had identified were reached during that day’s London session.
The West Texas Intermediate (WTI) Crude Oil market rallied during Wednesday's trading session, approaching the 50-Day Exponential Moving Average (EMA).
The natural gas market lacks direction as it hovers around the 50-Day Exponential Moving Average (EMA).
During Wednesday's trading session, the gold market experienced a slight rally, reaching the 50-Day Exponential Moving Average.
During Wednesday's trading session, the EUR/USD showcased a back-and-forth movement, reflecting the ongoing attempts to comprehend the prevailing global dynamics.
The AUD/USD encountered a challenging session on Wednesday, reflecting the prevailing market troubles and uncertainty.