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 West Texas Intermediate Crude Oil market rallied significantly on Wednesday to recapture almost all of the losses from the previous session.
The US dollar fell a bit on Wednesday against its northern neighbor, but it still remains very much in a consolidation area.
The NASDAQ 100 initially sold off on Wednesday as we saw a lot of “risk off trading” early in the day.
The S&P 500 has gone back and forth on Wednesday as we hover around the 4450 handle.
The German DAX Index rallied initially on Wednesday to reach towards the 50-day EMA and the downtrend line that you see on the chart.
Stellar had a slightly positive session on Wednesday, but nothing that I would write home about.
Ethereum rallied a bit early on Wednesday, only to turn around and give up all the gains as the 200-day EMA continues to be a technical issue for the market.
Bitcoin markets initially tried to rally on Wednesday but gave up gains above the 50-day EMA.
Gold markets rallied on Wednesday to threaten a major breakout once again.
The GBP/USD pair rose in the overnight session as investors reacted to the latest UK inflation and US retail sales data and the latest Fed minutes.
The EUR/USD pair tilted upwards as investors embraced the risk-off sentiment again on Ukraine.
The BTC/USD price retreated in the overnight session as worries of Russia’s invasion of Ukraine rose.
Prices continued their sharply upward trend as the possibility of cold weather increased in early March.
Global fears of the consequences of a Russian military action in Ukraine increased the demand of investors to buy safe havens, gold, most notably.
The Dow Jones Industrial Average rose in its recent trading at the intraday levels to achieve gains in its last sessions by 1.22%.