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 silver markets got hammered during the trading session on Thursday, as the risk appetite of traders were all over the place.
Bitcoin markets fell significantly during the trading session on Thursday as we continue to see a lot of noise in general.
The crude oil markets have pulled back a bit during the trading session on Thursday as there has been a lot of volatility in the markets overall.
Gold markets have pulled back a bit during the trading session on Thursday, mainly due to the fact that there has been so much volatility.
The Australian dollar has fallen during the trading session on Thursday as a lot of risk was taken off of the table.
The US dollar initially rallied during the trading session on Thursday, breaking above the 50 day EMA before selling off and forming a nasty looking shooting star.
The NASDAQ 100 fell apart during the trading session on Thursday, and will more than likely have further to go.
The British pound has pulled back during the trading session on Thursday as there was a bit of a “risk off” feel that the markets.
The S&P 500 has broken down significantly during the trading session on Thursday as the bubble looks like it has finally been popped a bit.
The Euro fell hard for the last couple of days, but the Thursday session was interesting as we turned around and recovered enough to form a massive hammer.
While new Covid-19 cases continue to close the gap between Mexico and South Africa, currently the eight and seventh-most infected countries with the virus,
With South Africa reporting more than 2,000 new daily Covid-19 infections and strained public finances, the National Treasury commenced research into a wealth tax.
Despite the strength of the US dollar against the rest of the other major currencies, gains from the rebound in the USD/JPY, is still limited, reaching the 106.34 level at the time of writing.
For the third day in a row, the EUR/USD has been exposed to a downward correction that pushed it towards the 1.1796 support at the time of writing, with the pair abandoning its highest level in two years when it reached the 1.2010 resistance during Tuesday's trading.
For the second day in a row, the price of an ounce of gold is declining in light of the US dollar recovery, which pushed the price of the yellow metal towards $1927 ounce at the time of writing.