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
Gold markets broke down significantly during the trading session on Wednesday, as the US dollar has shot much higher during the trading session.
BTC/USD: Plenty of room for price to fall
GBP/USD: Support at 1.3253 looks strong
The silver market has broken down significantly during the trading session, slicing through the $28 level.
The bitcoin market got absently crushed as it touched the $12,000 level, as we have reached down towards the 11,300 level during the day.
The West Texas Intermediate Crude Oil market has fallen rather hard during the trading session on Wednesday, as the EIA report came out bullish.
EUR/USD: Euro is relatively weak
As recently expected, the bulls might target the 1.2000 psychological resistance for the EUR/USD pair
Despite the uprising of the dollar after its collapse to its lowest in two years, bears maintained the strongest control over the USD/JPY performance
The US dollar strength contributed to the price of an ounce of gold giving up its highest level in two weeks, when it had tested the resistance $1992 level
Ahead of anticipated comments from the Governor of the Bank of England later on Wednesday, the GBP/USD pair gave up its highest levels
AUD/USD: Price more likely to reach 0.7292 soon
USD/JPY: Yet bulls face obstacles below 106.41
BTC/USD: Support at $11,557 looks pivotal today
GBP/USD: Pound is still relatively strong