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 price of the TRY/USD stabilized during early trading on Wednesday morning.
The Dow Jones Industrial Average rose in its recent trading on the intraday levels, to achieve strong gains in its last sessions by 1.09%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled down during its early trading on Wednesday, recording daily losses until the moment of writing this report by -0.49%.
The USD/CAD rallied rather significantly during the trading session on Tuesday as we tried to break above the 50-Day EMA.
The GBP/JPY has fallen a bit during the trading session on Tuesday to show signs of weakness but then turned around to show buying pressure.
The S&P 500 Index has been positive during the trading session on Tuesday, as the FOMC Meeting begins.
The NASDAQ 100 Index initially felt on Tuesday, to reach down toward the downtrend line that we have seen cause quite a bit of dollar pressure in this market.
The EUR/USD has pulled back ever so slightly during the trading session on Tuesday but turned around to show signs of life as we are trying to form a bit of a hammer.
The Nifty 50 has pulled back a bit, but now finds itself hanging onto the 200-Day EMA as we have bounced just a bit over the last 24 hours.
The GBP/USD has fallen just a bit during the trading session on Tuesday, as we continue to look at the 1.25 level as major resistance.
The West Texas Intermediate Crude Oil market pulled back a bit but found the previous neckline of the inverted head and shoulders to bounce from.
The AUD/USD has initially fallen during the trading session on Tuesday but found the buyers underneath to turn things around.
Gold markets have fallen initially during the trading session on Tuesday but found a lot of strength later in the day to turn around and form a massive hammer.
BTC/USD is near the 23,100.00 prices as of this writing with abundant volatility on full display.
Day traders of the USD/INR should practice extreme caution today.