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 West Texas Intermediate (WTI) and Brent crude oil markets have experienced a week of tight consolidation after a massive gap following OPEC's announcement of a 1.6 million barrels per day cut starting in May.
The natural gas market experienced a decline during the Thursday session and remained closed on Friday.
Gold futures markets were closed on Friday, but that doesn't mean there isn't a lot to learn from the charts.
The US dollar has been struggling to make any significant gains against the Japanese yen, as it quickly gave back its initial rally.
The USD/ZAR is near the 18.25000 level as of this morning as light trading persists within Forex because of the Easter holiday weekend.
On Friday, the British pound was largely stagnant, fluctuating around the 1.25 region with no significant breakthroughs.
The Euro was relatively quiet on Friday, remaining at an extreme level.
The Australian dollar bounced slightly during the trading session on Friday, reaching the bottom of the channel.
The S&P 500 was closed on Friday, but looking at the action over the past week, there are a few things that we can gather from the charts.
Silver prices have been in the spotlight lately as they continue to fluctuate in the market.
The AUD/USD pair drifted downwards and is trading at the lowest level since March.
Bitcoin pulled back as the US dollar index continued falling.
The GBP/USD pair drifted downwards after the US jobs numbers.
The EUR/USD pair rose to a high of 1.0973 on Wednesday and then pulled back to a low of 1.0877 on Friday
The EUR/USD will begin trading near the 1.08985 level tomorrow, after attaining a high around the 1.09745 mark on Tuesday.