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
Forex Daily Forecast, Analysis and Prediction
The GBP/USD exchange rate fluctuated last week, as a flow of economic data from the US and UK led to volatility in the pair.
Despite the long-awaited rate hike in Japan, the USD/JPY pair continued its upward trend, with gains reaching the resistance level of 150.48 at the time of writing the analysis.
At the start of trading this important week, the euro/dollar exchange rate (EUR/USD) stabilized at a level slightly below 1.09, with losses extending to the support level of 1.0861.
At the start of trading, gold futures posted modest gains as investors braced for several key global central bank meetings this week.
The dollar initially pulled back against the Swiss franc in trading on Monday as we continue to see a lot of noisy behavior.
USD/SGD Climbs Past 1.34000, Reacts to BoJ, Fed
The US dollar has rallied pretty significantly during the early hours on Monday, but we still find quite a bit of resistance above.
Price velocity upwards struck the USD/BRL in early trading yesterday as the currency pair went from the 4.9880 vicinity and moved towards the 5.0300 in a span of two hours.
The US dollar has drifted ever so slightly to the downside against the Pakistani Rupee during the trading session on Monday.
The Dow Jones 30 has rallied early during the trading session on Monday.
The NASDAQ 100 rallied early during the trading session on Monday as it looks like traders are coming back with more of a risk on attitude this week.
The DAX has pulled back just a bit during the training session on Monday as we continue to see a lot of noisy behavior.
Crude oil markets continue to show plenty of strength during the trading session on Monday.
Bitcoin has fallen a bit during the Monday session to kick off the week, showing signs of hesitation.
The US dollar index and bond yields continued rising as traders focused on the upcoming Federal Reserve decision.