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
Recently, the British pound fell against the euro, dollar, and other major currencies after investors bet that official wage figures were below par, suggesting that the Bank of England could follow up with more significant interest rate cuts soon.
Demand for the US dollar as a haven has increased amid rising global geopolitical tensions, as well as the calming of expectations about the future of US interest rate cuts soon.
The NZD/USD is trading near the 0.61075 ratio as of this writing, the currency pair is traversing a price realm which is bouncing along support levels produced in the second week of December.
The USD/CAD is trading around the 1.35175 ratio as this writing, this after touching the 1.35300 level earlier in the morning.
The Australian dollar plummeted to the lowest level in over a month as metal prices retreated and as traders embraced a risk-off sentiment.
The EUR/USD exchange rate continued its sell-off ahead of the upcoming European inflation and US retail sales data. It plunged to a low of 1.0870, the lowest swing since December 13th.
The GBP/USD pair made a bearish breakout as traders reacted to the hawkish Fed statements and the rising bond yields.
Bitcoin has reached the lower boundary of its established range and is currently showing signs of a recovery.
The Australian dollar experienced a substantial decline in value during the trading session on Tuesday, ultimately reaching a crucial indicator known as the 200-day Exponential Moving Average (EMA).
My previous BTC/USD signal on 11th January produced an excellent, nicely profitable long trade from the bullish bounce which rejected the key support level identified at $45,686.
During Tuesday's trading session, the Euro experienced a significant drop, with the 50-day Exponential Moving Average now in focus.
The S&P 500 experienced a slight retreat early in Tuesday's trading session, as traders returned from the Martin Luther King Jr. holiday in the United States.
The US dollar experienced a significant rally against the Japanese yen in Tuesday's trading session, following the return of traders from the Martin Luther King Jr. holiday.
The US dollar has rallied rather significantly during the trading session on Tuesday, as it looks like we are trying to reach the 50-Day EMA.
The silver market witnessed a decline in its performance during the Tuesday session, as traders returned from the holiday period with renewed activity.