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 have fallen quite hard during the trading session on Thursday, breaking below the crucial $1700 level.
The West Texas Intermediate Crude Oil market ended the month of April with a bang, reaching towards the $19 level at the close of open pit trading.
The dollar did not receive any support from the results of the recent important US economic data, nor from the Federal Reserve announcing its monetary policy and the statements of its Governor, Jerome Powell.
After three consecutive trading sessions in which gold prices was corrected downward to $1692 an ounce.
For the seventh straight day, GBP/USD is attempting an upward correction, but gains stopped around 1.2517 before settling around 1.2471 at the time of writing.
The EUR/USD pair is trying to show cohesion ahead of the important announcement today by the European Central Bank led by Christine Lagarde to update its monetary policy.
The US dollar fell during the trading session on Wednesday, but as you can see struggles to maintain any type of serious trend.
The S&P 500 closed right at the 200 day EMA and the top of the gap that I have been talking about for some time.
The NASDAQ 100 has cleared the 9000 level during the trading session on Wednesday, so it now looks as if we are going to reach towards the highs again.
The Euro rallied significantly during the trading session on Wednesday, reaching towards the top of the candlestick from the previous session, and at this point it looks like we are going to continue to see a lot of noise.
AUD/USD: Trading above big round number of 0.6500
USD/JPY: USD is weak across the board
BTC/USD: Bitcoin makes 2-month high price
The British pound has struggled to break above the 1.25 level again during the trading session on Wednesday, even as Federal Reserve Chairman Jerome Powell suggested that the Federal Reserve was willing to liquefy markets forever.
The Australian dollar has rallied significantly during the trading session on Wednesday, slicing through the 0.65 level like it was not even there.