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
Bitcoin markets fluctuated during the trading session on Thursday, but then rocketed to the $34,800 level yesterday.
The S&P 500 rallied a bit during the trading session on Thursday, as we continue to see plenty of buying pressure overall.
The NASDAQ 100 did very little during the trading session on Thursday, but that should not be a surprise considering it was New Year’s Eve and there was a lack of volume.
Gold markets rallied a bit during the trading session on New Year’s Eve, as the market is trying to break above a major trendline.
Silver markets gapped higher to kick off the trading session on Thursday, but then turned around to pull back and fill the gap.
The euro pulled back from major resistance during the trading on Thursday, which would have been a bit thin due to New Year’s Eve.
The British pound rallied during the trading session on Thursday, but it should be noted that this was a reflection of a lack of volume as well due to New Year’s Eve.
The GBP/USD continued rallying in early trading due to the relatively weaker dollar and optimism about a post-Brexit Britain.
The AUD/USD price started the year on a high note, continuing the 9.60% gains it made in 2020.
Increasing volatility potential is topping blow-off sign.
The EUR/USD is trading in a short-term bullish pattern, but the euro is not strong.
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With risk appetite increasing due to announcements regarding coronavirus vaccines, the EUR/USD pair is correcting towards its highest gains and has so far reached the 1.2310 resistance, its highest since April of 2018.