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
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for the week of March 27, 2017.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 27, 2017.
Be prepared for the week ahead with our Forex forecast focusing on some of the major currency pairs you should pay attention to while trading.
The EUR/USD pair fell initially during the session on Thursday but continues to find support above the 1.0750 level.
The USD/JPY pair went back and forth during the session on Thursday, testing the 200-day exponential moving average. The Australian dollar fell during the day on Thursday, breaking below the bottom of the hammer from the Wednesday session.
The WTI Crude Oil market initially tried to rally during the day on Thursday but then fell as we drifted towards the bottom of the overall consolidation area.
The S&P 500 bounced during the session on Thursday, breaking above the 20-day exponential moving average.
Gold snapped six consecutive days of gains as the greenback edged higher and global equities markets saw a modest rebound.
The EUR/USD pair initially fell during the day on Wednesday, testing support below. The British pound had a very volatile session on Wednesday, forming a rather negative looking candle at one point.
The S&P 500 had a choppy session on Wednesday, as we tested the 50-day exponential moving average. The NASDAQ 100 initially fell during the Wednesday session, but found enough support underneath to turn things around.
The WTI Crude Oil market fell significantly during the session on Wednesday but found enough support near the $47.25 level to turn around and form a hammer.
The US dollar fell significantly during the day on Wednesday against the Japanese yen, but found enough buying pressure towards the end of the day to form a bit of a supportive looking candle right at the 200-day exponential moving average.
Get the NZD/USD Forex signal for March 23, 2017 here.
Get the AUD/USD Forex signal for March 23, 2017 here.
Get the USD/JPY Forex signal for March 23, 2017 here.