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
Browse by category
Forex Daily Forecast, Analysis and Prediction
West Texas Intermediate Crude Oil went into the weekend near a value of 74.59, which was a stronger close than the previous Friday when the commodity was around 71.67 at the end of the day.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 18th, 2022 here.
The West Texas Intermediate Crude Oil market has pulled back just a bit during the trading session on Thursday, to test the crucial $75 level.
The AUD/USD has had a very rough Thursday session as we have found the market plunging down to the previous uptrend line of the overall channel.
Gold markets have fallen rather hard during the day on Thursday as the US dollar has had a strong session.
The EUR/USD rallied during a large portion of the day on Thursday after the ECB raised interest rates by 50 basis points.
The GBP/USD has fallen rather hard during the trading session on Thursday after the Bank of England raised interest rates by 50 basis points, but more importantly, did not do it in a unanimous fashion.
The AUD/JPY has fallen during the trading session on Thursday, as we continue to see a lot of noisy behavior.
The S&P 500 gapped lower to kick off the trading session on Thursday, and it didn’t bother looking back.
The NZD/USD has broken significantly lower during the trading session on Thursday, as we have seen risk appetite get eviscerated. Ultimately, the market is likely to get looking to the 200-Day EMA, which is closer to the 0.6250 level.
The NASDAQ 100 has gotten absolutely hammered on Thursday, dropping almost 4% by the time the afternoon came.
The EUR/JPY has rallied rather significantly during the trading session on Thursday, breaking a major downtrend line as we continue to see a lot of noisy behavior.
It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
Investors abandoned the US dollar, which allowed the GBP/USD exchange rate to continue its upward rebound.
Throughout this week's trading, the price of the USD/JPY currency pair did not find any momentum to stop the downward retracement path.