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 USD/TRY is trading near the 19.48100 mark as of this writing with fast results being demonstrated.
Investors abandoned the US dollar following the monetary policy decisions of the US Federal Reserve Bank, which helped the XAU/USD gold price to rebound strongly.
The US central bank raised the US interest rate and as expected investors abandoned the US dollar.
The US Federal Reserve raised interest by a lower percentage, as expected in light of the collapse of US banks, which contributed to investors abandoning the US dollar.
A combination of concerns in global financial markets and a lack of UK-specific drivers meant that the pound struggled against the euro, dollar and others in early May
The USD/JPY fell sharply on Wednesday as traders anxiously awaited the Federal Reserve's announcement.
The S&P 500 had a slightly positive opening on Wednesday, but the market is currently waiting for the central bank announcements.
Silver initially fell during the trading session on Wednesday but found support in the form of the previous pennant marked on the chart.
Natural gas markets have been under pressure in recent trading sessions as we enter the warmest period of the year, leading to reduced demand for natural gas.
The GBP/USD experienced a bit of a rally during the trading session on Wednesday, as the market continued to trade in the same 200-point range.
The GBP/JPY has taken a bit of a hit in Wednesday's trading session, as it broke below the ¥170 level again.
In Wednesday's trading session, the gold markets initially pulled back but showed a significant amount of resiliency, with buyers continuing to flock to the asset.
The EUR/USD has had a strong rally in Wednesday's trading session, amidst a lot of noisy behavior in the market.
The WTI Crude Oil market took a big hit in Wednesday's trading session, as the market starts to price in just how bad the global recession could be.
The AUD/USD has had a bit of a rollercoaster ride in recent trading sessions, as traders eagerly await the Federal Reserve announcement.