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 US dollar has initially pulled back a bit to kick off the trading session on Wednesday, reaching towards the ¥107 level.
The NASDAQ 100 fell during a large portion of the trading session on Wednesday but do pull back a bit to recapture some of the losses.
The S&P 500 has fallen a bit during the trading session on Wednesday, as we continue to hang about the crucial 50% Fibonacci retracement level.
The Euro broke down rather significantly during the trading session on Wednesday but did bounced significantly to recover quite a bit of the losses.
The British pound has pulled back during the trading session on Wednesday, breaking well below the 1.25 handle before bouncing a bit.
The Australian dollar formed a very negative candlestick during the trading session on Wednesday, and now looks likely to break down from the 61.8% Fibonacci retracement level.
The USD has rallied against the INR during the trading session but unlike the previous candles over the last couple of weeks, the wick is much shorter.
The silver markets pulled back a bit during the trading session on Wednesday, as the $16 level has offered so much in the way of resistance.
The West Texas Intermediate Crude Oil market has plunged during the trading session on Wednesday, as the markets have broken through the $20 level.
The gold markets have fallen a bit during the trading session on Wednesday, pulling back towards the $1732 level, before finding buyers to turn around and form a little bit of a hammer.
After the GBP/JPY stability for several trading sessions, after reaching the 135.75 resistance, the highest level in a month
During today’s trading, the financial markets will be interested the economic agenda data, the results of which usually brings about changes in price movements.
The continued weakness of the US dollar contributed to the cautious gains of the EUR/USD pair
For the seventh consecutive day, the GBP/USD pair continued its bullish correction, and its gains reached its highest in more than a month
The return of strong interest by investors in gold, as previously expected