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
But strong support at $40,623.
The GBP/USD price retreated after a quite eventful week in the UK and the UK.
The EUR/USD price continued its freefall on Monday morning as investors assessed the implications of last week’s European Central Bank (ECB) and Federal Reserve decisions.
The AUD/USD price bull run stalled after Federal Reserve officials warned that it was too early to speculate on rate cuts.
The US Dollar and stocks rose last week, while the Japanese Yen led the Forex market higher.
After testing the 68.000 USD mark on Wednesday last week, WTI Crude Oil suddenly saw buying increase and the commodity finished Friday above the 72.000 USD via its cash price.
Day traders and financial institutions were treated to strong upwards momentum last week from the GBP/USD as its higher price range was tested and now must be considered.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 17th, 2023 here.
The S&P 500 had a small rally during Thursday's trading session, and it seems like the loose monetary policy of the Federal Reserve will continue to be a major factor.
The EUR/USD had an impressive performance in Thursday's trading session, surging skyward and setting its sights on the crucial 1.10 level.
Ethereum has been on a roll lately, and it's not just a fluke.
Crude oil markets have recently experienced a rally during the early Thursday trading session.
The AUD/USD experienced a significant rally early in Thursday's trading session, displaying signs of vitality and suggesting the possibility of an upward movement.
Bitcoin's recent trading activity has been a topic of much interest, especially during Thursday's session.