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 US Dollar Index retreated from its highest level in 16 months after hitting a major technical resistance level on the charts.
The EUR/USD's attempts to correct upwards are still very weak, as the US dollar's gains are still helped by the imminent raising of US interest rates.
New indications from the Bank of England about raising interest rates contributed to the recovery of the pound against the other major currencies.
For the second day in a row, gold is stabilizing around $1870 after recent sell-offs that pushed the price of gold to $1850 in this week's trading.
The USD/BRL traversed higher again yesterday and finished its trading within short-term highs, and speculators now need to decide if the trend can be sustained.
The USD/ZAR has been able to create a solid consolidated price realm the past couple of days after producing another bullish run higher on the 16th of November.
The NASDAQ 100 initially rallied on Wednesday but gave back the gains in order to show signs of weakness.
The euro broke down significantly to plunge below the 1.13 handle, reaching towards the 1.1250 level.
The British pound started to dip slightly on Wednesday but turned around to show signs of strength.
The Bitcoin market initially on Wednesday but turned around to show signs of life again as the $60,000 level looks to be supported in this market.
The S&P 500 went back and forth on Wednesday as we hang around the 4700 level.
The price is trading near 1-year lows below $1.1338.
The GBP/USD pair tilted upwards on Wednesday and early Thursday as the market reflected on the overall strong economic data from the UK and the US.
The AUD/USD pair slipped to the lowest level since October 7 as investors reflected on the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).
The BTC/USD pair struggled to bounce back as it crashed to a multi-week low.