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 continued gains of the US dollar, with momentum from expectations of raising US interest rates, is a negative factor for the XAU/USD gold price.
The GBP/USD exchange rate rose before last weekend to the level of 1.2485.
The sharp contrast between the policy of the Japanese central bank, which adopts an accommodative policy to stimulate the Japanese economy
The Turkish lira continued its losses against the dollar, as the lira records daily declines in what appears to be a free fall.
The past few days of trading have seen the USD/CAD trade mostly within a price range of 1.34700 to 1.35250 with brief outliers.
After falling to a low of nearly 0.62050 on Tuesday of last week, the NZD/USD is currently traversing around the 0.62700 as of this writing.
The USD/JPY encountered an initial drop during Monday's trading session, reflecting the ongoing volatile behavior in the market.
The natural gas market witnessed a slight decline during Monday's trading session, as hesitancy prevails among market participants.
The West Texas Intermediate (WTI) Crude Oil market kicked off the week downward but quickly reversed, indicating signs of life.
The Australian dollar went nowhere on Tuesday morning as concerns about the American economy continued
The gold market witnessed a back-and-forth trading session on Monday, as the 50-Day Exponential Moving Average (EMA) acted as a significant resistance level.
The GBP/USD experienced back-and-forth price action during Monday's trading session, indicating a market with strong interest around the 50-Day Exponential Moving Average (EMA).
The S&P 500 experienced a slight retreat during Monday's trading session, displaying signs of exhaustion following a positive upward trend.
During Monday's trading session, the British pound experienced a slight pullback, only to reverse its course and rally significantly as the market strives for a breakout above the resistance barrier.
The NASDAQ 100 rallied again during the trading session on Monday, as we continue to see the 13,750-level influence pricing.