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 Euro went back and forth during the trading session on Tuesday, dancing above the 1.1450 level yet again. However, we didn’t exactly break out either so I’m not necessarily excited about the Euro.
The US dollar tanked against the Japanese yen initially during trading on Tuesday but you can see that we have seen a lot of buying late in the day to turn around of form a massive hammer.
The S&P 500 broke down rather significantly during the trading session on Tuesday, slicing through the 61.8% Fibonacci retracement level but late in the day started to see a lot of buyers jump back into the market.
Get the NZD/USD Forex signal for October 23, 2018 here.
Get the AUD/USD Forex signal for October 23, 2018 here.
Get the USD/JPY Forex signal for October 23, 2018 here.
Get the BTC/USD Forex signal for October 23, 2018 here.
Get the USD/CAD Forex signal for October 23, 2018 here.
Get the USD/CHF Forex signal for October 23, 2018 here.
Get the GBP/USD Forex signal for October 23, 2018 here.
Get the EUR/USD Forex signal for October 23, 2018 here.
Gold prices fell $6.05 an ounce on Monday, pressured by a rally in the U.S. dollar index.
The S&P 500 gapped lower in the E-mini session on Monday, reaching down to the 2750 level before turning around to fill the gap, and then rolling over again.
The WTI Crude Oil market fell rather hard initially during trading on Monday but has found support at the 61.8% Fibonacci retracement level again.
Bitcoin continues to go sideways overall in very uninspired trading. The market has been in the descending triangle since the beginning of the year, and as such the analysis has been very similar most days.