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 silver market has shown resilience over the last couple of days, even as it drifted lower.
The GBP/JPY had a rocky start to the trading session on Wednesday, initially attempting to rally but giving back some of the gains.
My last signal on 2nd May was not triggered as there was no bullish price action when the price first reached the support level which I had identified at $0.6670.
The natural gas market has shown very little movement during Wednesday's trading session, with prices continuing to grind sideways.
Gold markets have been showing signs of life recently, with a "buy the dip" attitude prevailing amongst traders.
The EUR/USD was seen rallying a bit during the trading session on Wednesday before retreating quickly, indicating the continuation of the sideways trading range that has persisted for a few weeks now.
The oil markets have been showing some interesting price action recently, with both WTI and Brent pulling back slightly during Wednesday's trading session only to turn around and show signs of life.
The AUD/USD attempted to rally during Wednesday's trading session, reaching the 200-Day EMA.
The British pound is hanging close to a 12-month high as investors turn bullish on the currency ahead of the upcoming Bank of England decision.
The euro has gone nowhere this week as the recent rally faded.
Bitcoin retreated to the lowest level since March 28 even as the congestion issues faded and the US published encouraging consumer price index (CPI) data.
The pair USD/TRY settled near its highest level ever recorded during this week's trading.
The USD/JPY has gone back and forth during Tuesday's trading session as it attempts to break above the ¥135 level, which has been noisy in recent times.
The S&P 500 has witnessed quiet trading following several economic announcements, and the market is expected to continue viewing the 4200 level as a significant resistance barrier while regarding the 4000 level as a crucial support level.
The EUR/USD exchange rate entered a shorter week's trading due to the holidays