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 Australian dollar has initially pulled back during the trading session on Thursday, but then rallied rather significantly to break above the 0.6750 level again.
The Euro has had a very strong session on Thursday, breaking above the 1.10 level finally.
The British pound has rocketed higher during the trading session on Thursday as rumor mill participants have been kicking it into high gear via Twitter.
Gold markets have initially tried to break out during the trading session on Thursday as a rumor came out that the Chinese were going to leave the trade talks a day early.
The West Texas Crude Oil market is likely to find sellers above after a very positive session on Thursday.
The bitcoin markets did very little during the trading session on Thursday, hanging about the $8500 level.
The S&P 500 will of course continue to be volatile as we have the Americans and the Chinese sitting down to talk in Washington DC.
The NASDAQ 100 initially fell during trading on Thursday, reaching down towards the uptrend line underneath.
Natural gas markets initially tried to rally during the trading session on Thursday as we had reached significant support, but at this point we have turned around to show signs of weakness yet again.
The US dollar has initially fallen during the trading session on Thursday as it was suggested on Twitter that the Chinese were going to be leaving the trade talks a day early.
As the second and final day of US-China trade talks will be followed closely, safe haven currencies such as the Swiss Franc were under selling pressure.
Risk-on sentiment was dominant during the Asian trading session as the majority of market participants expect a currency pact to be announced
Following plenty on uncertainty about the state of trade talks between the US and China, they will continue into a second day as was originally scheduled.
For 5 consecutive sessions, the EUR/USD attempted to break the 1.1000 resistance, which would give it hope in a bullish correction.
Although the US dollar benefited from the announcement of the Federal Reserve minutes of the last meeting, which saw that financial markets exaggerated their expectations