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 GBP/USD has experienced significant gains again during Monday's trading session as the US dollar continues to depreciate.
On Monday, the S&P 500 saw quiet trading after digesting a significant number of economic announcements.
On Monday, the gold market experienced some stabilization, with buyers taking advantage of dips.
The GBP/JPY gained ground against the Japanese yen during the Monday trading session, with analysts predicting a continued upward trajectory.
The GBP/USD exchange rate jumped to the highest point since May 31st as the focus shifted to the upcoming US inflation data and the Bank of England (BoE) interest rate decision.
Bitcoin retreated to the lowest level since April 25 as concerns about the crypto market continued.
The Australian dollar rallied to an important resistance level ahead of the upcoming American inflation data and as concerns of the American economy continued.
My EUR/USD signal on 3rd May did not technically produce a short trade from the bearish rejection of the key resistance level at $1.1089 right away.
Throughout last week's trading, the performance of the EUR/USD currency pair was characterized by moving in an upward path supported by stability above the psychological resistance 1.1000.
The natural gas market saw a bit of positivity during the latest trading session, with value hunting at the bottom of the major consolidation area.
After weeks of significant declines in the oil markets, it appears that a rebound may be on the horizon.
The British pound has shown initial signs of rallying on Friday, as Sterling continues to display strength.
The silver market has been very negative during the latest trading session, showing signs of even more extreme volatility than in recent times.
The GBP/USD exchange rate reached its highest level since April last year in the last session of the week, with an earlier rise approaching its ninth week.
The USD/TRY registered slight changes near its highest levels ever during the opening trades of the week.