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
GBP/USD: Bearish below 1.2870
EUR/USD: Euro acting as safe haven?
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for Thursday, February 27, 2020 here.
USD/JPY gains evaporated quickly and the pair retreated to the 109.88 support during yesterday's session before settling around the 110.37 resistance at the time of writing the analysis.
Profit-taking sales were widely expected for a while, but with the rapid movement of gold prices to $1689 an ounce.
Shy gains amid stronger pressure on the Pound pushed the GBP/USD pair towards the 1.3017 resistance during yesterday's trading before settling around 1.2995 at the time of writing.
The price of the EUR/USD pair still lacks the necessary momentum to complete the upward correction.
Bearish momentum is on the rise after the USD/CAD sustained a breakdown below its resistance zone.
The Euro has rallied quite nicely during the trading session on Tuesday again, but is starting to approach a major resistance barrier in the form of the 1.09 level.
The US dollar got absolutely hammered during the trading session on Tuesday, as we continue to see a lot of trouble when it comes to the coronavirus and risk appetite.
AUD/USD: New 11-year low price reached again
USD/JPY: Too much support below 110.00 for bears to break down
BTC/USD: Support at $9,518 finally breaks down
The Australian dollar continues to sit still at an extremely low level, as the market has done almost nothing for the last couple of days.
The S&P 500 initially tried to rally during the trading session on Tuesday but gave back the gains as the 50 day EMA continues to offer resistance,