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
With markets return to work again today after the Christmas holiday, the price of the GBP/USD pair rushed back up to the 1.2996 resistance.
The USD/JPY started trading today, Thursday, after returning from the Christmas holidays to launch to the 109.56 resistance.
With the return from the Christmas holidays, the gold prices stabilized above the $1500 psychological resistance
Volatility is anticipated to increase after traders return from their Christmas holiday break and start their 2020.
Selling pressure in the GBP/SGD faded after this currency pair descended into its support zone.
AUDUSD: Weakly bullish but resistance at 0.6940
After price action descended into its short-term support zone, the corrective phase in the EUR/JPY temporarily paused.
With the Fibonacci Retracement Fan closing the gap to the support zone, and the AUD/NZD caught in between, pressures for either a breakout or breakdown are on the rise.
The West Texas Intermediate Crude Oil market has rallied significantly during Christmas Eve, showing signs of extraordinarily bullish pressure again.
USDJPY: More bullish above 109.52 but resistance up to 110.00
Bitcoin: Bearish consolidation below $7,260
The S&P 500 has done very little on Christmas Eve, but quite frankly that should not be a huge surprise.
GBPUSD: Still Bearish below 1.2972
EURUSD: Weakly bearish below 1.1096
Natural gas markets initially tried to recover from the gap lower on Tuesday, and even broke above the top of the gap but fell apart and sliced through the $2.20 level.