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
The DAX Index rallied significantly on Monday to kick off the week on a bullish foot but found trouble at the €15,800 level to turn things around and form a shooting star.
The NASDAQ 100 initially tried to rally on Monday but gave back gains in order to continue to see the same consolidation area that we have been in for a while.
The S&P 500 gave up gains after initially trying to rally during the Asian session, showing signs of hesitancy at the all-time highs.
Silver markets rallied a bit on Monday but also gave back quite a bit of the gains.
The West Texas Intermediate Crude Oil market was grinding sideways during the majority of trading on Monday, as traders seem relatively content to ride out the rest of the year, waiting for more liquidity to come into the marketplace.
The euro fell a bit on Monday, reaching down towards the lows of the Friday session.
The British pound gapped lower on Monday, but then turned around to reach the highs of the Friday session before breaking down.
The gold market initially tried to rally on Monday to reach towards the $1790 level.
The GBP/USD pair was little changed on Tuesday morning ahead of the latest UK employment and US producer price index (PPI) data.
The AUD/USD pair retreated on Tuesday morning as focus remained on the rising American inflation and the upcoming interest rate decision by the Federal Reserve.
The BTC/USD pair is under pressure as investors reflect on the upcoming Federal Reserve decision and the ongoing sell-off of cryptocurrencies.
The USD/CAD has turned higher in early trading this morning as the Forex pair reacts to a clash between technical and sentiment perspectives.
XRP/USD has moved towards mid-term lows in early trading this morning, this after attempting a slight move higher briefly yesterday.
This week will be an impactful one for the year, so there will be reactions to its events and economic data.
The outlook for the US dollar was boosted last Friday when official figures confirmed US inflation had risen to a new multi-decade high last month, which is likely to keep the Federal Reserve (Fed) on course to accelerate its monetary policy normalization.