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 Nifty 50 has continued to show signs of life as we are currently hanging around the ₹18,000 level.
Gold markets have gone straight up in the air on Friday, as we are now threatening the $1920 level.
The BTC/USD has rallied again during the trading session on Friday, as it looks like we are hell-bent on reaching the $20,000 level.
The USD/JPY exchange rate plunged to a low of 127.82, the lowest point since May last year as investors waited for the upcoming Bank of Japan (BoJ) decision.
The GBP/USD forex price has been in a bullish trend in the past few days as investors reflect on important economic numbers.
The USD/JPY has fallen apart during trading on Friday, just as everything else did.
The AUD/USD pair has been in a strong bullish trend in the past few weeks as the US dollar index (DXY) has plunged.
The USD/CAD dollar has gone back and forth during the trading session on, attempting to stop the bleeding that we’d seen as of late.
The GBP/USD has gone back and forth during the trading session on Friday, as we continue to hang around the 1.22 level, as we are simply waiting for some type of clarity in the short term.
The EUR/USD fell a bit during the trading session on Friday, as we are looking at the 1.08 level as a decision point.
The AUD/USD has pierced the top of the trading channel it’s been in for a while on Friday, which of course is a bullish sign.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
The EUR/USD will start this week’s trading near the 1.08300 level, which is quite an accomplishment considering the currency pair touched the 0.95350 realm in late September of 2022.
Until mid-Thursday of last week the GBP/USD traded in a rather consolidated manner, but the quiet speculative landscape disappeared and the currency pair began producing vicious moves.