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 Australian dollar initially shot higher during the trading session on Tuesday but has pulled back to form a rather ugly shooting star.
The NASDAQ 100 has rallied rather significantly during the trading session on Tuesday, slicing through the top of the Monday candlestick and perhaps even more importantly the top of an uptrend and channel that has been crucial for quite some time.
British pound traders initially bought during the trading session on Tuesday but gave back the gains as we try to reach towards the crucial 1.35 handle.
The gold markets initially tried to rally during the trading session on Tuesday but found the $2000 level to be a bit too resistive to continue and break out.
Silver markets initially tried to rally during the trading session, breaking above the $29 level but cratered later in the day as the US dollar picked up strength.
The crude oil markets were slightly bullish during most of the trading session on Tuesday in both Asia and Europe but have turned around to show signs of negativity once the open pit session started.
The US dollar has fallen most of the session on Tuesday, but as we have seen across the Forex world, the US dollar gained a little bit of strength later in the day, especially during the New York session.
The EUR/USD pair succeeded in achieving a quick compensation for last week's losses.
The US dollar index, DXY, collapsed to the 91.99 support.
The GBP/USD performance highlights the extent of the US currency suffering, as with the bleak outlook for Brexit, the pair succeeded in moving upwards towards the 1.3418 resistance at the time of writing, the highest level in eight months.
Continuous pressures on the US currency are still present, which explains the continued downward performance of the USD/JPY in the recent trading sessions.
AUD/USD: New long-term highs hit again
The US dollar has rallied quite nicely during the trading session on Monday but has given back quite a bit of the gains late in the day as it shows the ¥106 level to be resistive.
The Euro rallied again during the trading session on Monday but has pulled back from the highs as we continue to see a lot of noise between here and the 1.20 level.
The S&P 500 has rallied a bit during the trading session on Monday but has given back a bit of the gains in order to form a less than enthusiastic candlestick.