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/BRL finished Monday’s trading near the 5.1460 ratio, which is within the higher levels of its near-term value range.
The Crude Oil market had a little bit of stability on Monday, as we are approaching the bottom of the overall consolidation area that we had been in for a while.
The USD/MXN is trading near the 19.14600 realm as of this writing, but this comes after challenging the 19.29100 vicinity in a bull rush upwards yesterday.
The NASDAQ 100 Index has fallen a bit during the trading session on Monday, after forming a pair of shooting stars on the daily chart last week.
The British pound initially tried to rally a bit during the trading session on Monday but has turned around the threatened a breakdown below the 1.20 level.
The US dollar has been strong against almost everything during the trading session on Monday, which is a continuation of what we have seen since last Thursday.
The GBP/USD price plunged to the lowest point since January 6 as the market continued reacting to the strong US jobs numbers.
Bitcoin price moved sideways on Tuesday as the market pondered the next action plan by the Federal Reserve following the strong jobs numbers on Friday.
The AUD/USD drifted upwards on Tuesday after the Reserve Bank of Australia (RBA) made its ninth straight rate hike.
US Dollar has stopped rising for now.
Throughout last week's trades, the bulls were controlling the performance of the euro currency pair against the US dollar EUR/USD.
At the end of last week's trading and amid the strong and sudden rise in the price of the US dollar following the announcement of stronger than expected figures for US jobs
At the end of the week's trading, the price of the USD/JPY currency pair jumped to the resistance level of 131.18 after it reached the support level of 128.08 in the same week
Gains for GBP will be subject to a quick sale as the gloomy expectations for the future recovery of the British economy during the year 2023 are still negatively affecting any positive outlook.
Spot natural gas prices (CFDS ON NATURAL GAS) deepened their losses during their early trading on Monday, to record new daily losses until the moment of writing this report by -0.72%.