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 GBP/USD initially tried to rally during the trading session on Thursday but gave bank gain at the 200-Day EMA as it looks like the pair is starting to roll over again.
The EUR/GBP initially tried to rally during the trading session on Thursday but has run into a bit of a resistance barrier near the 0.88 level.
The EUR/USD has spent the entire week trying to rally, but it continues to struggle above the 1.06 level, an area that seemingly is going to continue being important.
The West Texas Intermediate Crude Oil market has tried to rally during the trading session on Thursday.
The S&P 500 has fallen again during the day on Thursday, wiping out the gains of the last couple of days as we have seen a lot of volatility, to say the least.
The NASDAQ 100 has seen another massive selloff during the trading session on Thursday, dropping over 3% as we continue to see a lot of negativities and “risk off behavior” out there.
Gold markets have fallen rather hard during the Thursday trading session, breaking below the $1800 level in the spot market.
The DAX has fallen a bit during the trading session on Thursday, as it looks like we are going to settle in on the 50-Day EMA, perhaps even the 200-Day EMA.
After a period of cautious stability in the performance of the price of the EUR/USD currency pair, the bears are preparing to launch the currency pair downward
The Sterling is facing noticeable selling pressure in the middle of this week's trading, although there is a dearth of news to solidify the moves.
The gold price stabilized, after its recent rise, as the Bank of Japan's unexpected policy to control the yield curve shook the markets and put pressure on the dollar.
This week is a little fluid. The Japanese yen achieved its best performance this year after the Bank of Japan (BoJ) shocked global financial markets
The Dow Jones Industrial Average rose sharply during its recent trading on intraday levels, to achieve gains for the second day in a row, by 1.60%.
Spot natural gas prices fell during their early trading on Thursday, to record daily losses until the moment of writing this report by -0.24%.
The TRY/USD has stabilized, as the lira has become trading in real isolation from economic data on the ground.