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
Top Forex BrokersForex Daily Forecast, Analysis and Prediction
The Australian dollar has been struggling to break above the 0.67 level, a significant resistance and support level over the past few months.
The Euro has been struggling to break through the 1.09 level, with a significant shooting star formation from the previous week in this area.
The S&P 500 index has seen a rally during Wednesday's trading session, with the market approaching the crucial 4050 level.
My last signal on 21st March produced a nicely profitable long trade from the bullish rejection of the support level which I had identified at $0.6669.
The GBP/USD pair dropped slightly on Thursday morning as US bond yields retreated and stocks and the US dollar rallied.
The EUR/USD exchange rate was little changed after the US published another set of positive economic data.
The BTC/USD pair bounced back as buyers targeted the year-to-date high of 28,958.
The price of the TRY/USD declined during early trading this morning, coinciding with the decline in the ability of the Turkish Central Bank to control the exchange rate of the lira at less than levels of 19 liras per dollar.
Recently, the gold (XAU/USD) price suffered consecutive losses in the trading sessions, as the banking crisis concerns faded away.
After the recent selling operations, to which the USD/JPY exchange rate was exposed, we recommended our valued clients consider buying the currency pair from the support level of 130.30.
Investors' appetite for risk amid calming fears of a further collapse of the global banking system and improving investor sentiment in global markets are factors that helped the bulls of the GBP/USD currency pair rebound to the upside.
Since the start of this week's trading, the price of the EUR/USD currency pair is in an upward rebound range, with gains that reached the 1.0849 resistance level, which is stable around it at the time of writing the analysis.
The USD/SGD as of this writing is within the middle of its one-week price range.
The USD/CAD has continued to display the ability to trade lower early this week, but nervous and volatile results are still being produced which makes pursuing the currency pair rather dangerous.
The silver market has been highly volatile lately, with a lot of noisy trading.