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 crude oil markets displayed a rally in Friday's trading session, as they strive to break out in an upward direction.
The Australian dollar exhibited a rally in response to lower-than-expected PPI numbers in the United States, reflecting the prevailing confusion surrounding inflation.
Natural gas markets experienced another rally on Friday, with traders closely monitoring the upcoming winter storm in the northeastern United States.
Get the weekly Forex forecast for major currency pairs for the week of January 15-19, 2024 here.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 14th, 2024 here.
The US dollar initially experienced a decline in its value against the Japanese yen, but it subsequently displayed signs of strength.
The US dollar initially fell a bit against the Canadian dollar during the trading session on Thursday but then turned around to show signs of strength as the CPI numbers in the United States came out a little hotter than anticipated.
The S&P 500 exhibited notable volatility during Thursday's trading session, prompted by the release of the Consumer Price Index (CPI) data, which registered slightly higher than Wall Street's preference.
Silver's performance remains subdued as buyers appear to be elusive.
The gold market has experienced significant fluctuations, primarily influenced by the release of the Consumer Price Index (CPI) figures on Thursday.
The natural gas market has experienced some recent fluctuations, leading to concerns that it may be overextended.
The euro made an initial attempt at a rally but later retraced its gains, reflecting the ongoing consolidation within the market.
Crude markets have been experiencing a period of stability recently, characterized by sideways movement overall.
Bitcoin is experiencing upward pressure, with the potential for a breakout in the near future.
The Australian dollar has a bit of fluctuation during the Thursday trading session, characterized by erratic trading activity.