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 West Texas Intermediate Crude Oil market has pulled back a bit during the trading session on Thursday but has also found buyers underneath to show signs of life.
The gold markets rallied a bit during the trading session on Thursday, but then found the area above the $1580 level to be a bit too resistive.
The natural gas markets have spent most of the day on Thursday, slicing back and forth as it shows a bit of instability.
The FTSE 100 has broken down significantly during the trading session on Thursday to kick things off, but then turned around at the crucial 200 day EMA
While the Reserve Bank of New Zealand surprised financial markets with an upbeat outlook on the economy, keeping its interest rate unchanged
The Euro looks as if it is ready to finally reach towards the gap underneath, which is at the 1.0750 region.
The US dollar has rallied significantly during the trading session on Wednesday, breaking above the ¥110 level.
The British pound has initially tried to rally during the trading session on Wednesday but has struggled to break to the upside.
The S&P 500 has broken to the upside yet again during the trading session on Wednesday, as we continue to slice through anything remotely looking like resistance.
The US dollar received strong support from Federal Reserve Governor Jerome Powell testifying before the congressional and Senate committees.
The NASDAQ 100 has broken above the top of a shooting star from the previous session, which is a very bullish sign.
Gold prices rose again since the start of trading on Thursday, reaching the $1576 level after the price fell to the $1562 during yesterday's session.
The price of the GBP/USD pair showed remarkable resistance during yesterday's trading session in light of the continued strength of the US dollar, and rose to the 1.2001 resistance before settling around 1.2950 at the time of writing.
The Australian dollar rallied significantly during the trading session on Wednesday, as traders continue to try to test whether or not the “all clear” is sounded.
The strength of the US dollar continued after the completion of the testimony of Federal Reserve Governor Jerome Powell for two days in a row.