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 Euro has gone back and forth during the trading session on Tuesday, simply because we are hanging around a very highly contested area.
The US dollar initially fell during the trading session on Tuesday but bounced enough to turn around and form a little bit of a hammer.
The NASDAQ 100 is starting to adjust to a new reality, at least that is what it is starting to look like right now.
The British pound has fallen a bit during the trading session on Tuesday, breaking below the 1.23 level before bouncing slightly.
The Australian dollar fell significantly during the trading session on Tuesday, reaching down towards the 0.6250 level and then promptly bounced from there.
Silver markets fell hard during the trading session on Tuesday, as the 50 day EMA looks to be offering a significant amount of resistance.
For those of you who are diehard Bitcoin holders, this has to be one of the strangest markets to deal with right now.
Gold markets are more than likely going to continue going higher after the action that I have seen in the market on Tuesday.
The West Texas Intermediate Crude Oil market has fallen apart during the trading session on Tuesday after a historic day on Monday with the May contract printing a negative level.
Safe-haven assets are in strong demand, as evidenced by Singapore’s 242.5% surge in gold exports for March.
For four consecutive trading sessions, the USD/JPY pair is moving in a limited range between 106.92 and 108.08 levels, and at the time of writing.
South African cabinet ministers resumed their meeting to craft a way forward once the Covid-19 related lockdown is lifted.
At the beginning of this week’s trading, the price of gold continued its downward correction to the $1671 support.
Prior to the announcement of job and wage numbers in Britain, the GBP/USD pair stabilizes lower around the 1.2388 support.
India could enter its first annualized recession in forty years, due to the extended lockdown measures in response to the global Covid-19 pandemic.