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 USD/BRL will begin trading today near mid-term highs and speculators may feel enticed to wager on direction, but they should be careful.
The USD/CAD has come off of highs and is bouncing along important mid-term support levels in early trading this morning.
The US dollar rallied ever so slightly during thin trading on Monday, as it was Independence Day in the United States.
The US dollar rallied ever so slightly against the Singapore dollar on Monday, but it should be noted that it was Independence Day in the United States, meaning that there was probably somewhat of a lack of liquidity.
The British pound initially tried to rally on Monday, but could not hang on to the gains.
The S&P 500 Index itself was closed Monday, but the futures markets were open for limited off-hour trading.
The euro initially tried to rally against the US dollar during Monday trading, but gave back almost all of the gains in yet another sign of weakness.
Ethereum rallied just a bit Monday to show signs of life.
The German DAX Index went back and forth on Monday as traders still have no real clue as to what they want to do.
The CAC in Paris gave up early gains Monday as it appears that there was very little volume willing to step out on the risk spectrum.
Bitcoin rallied a bit Monday, but pales in comparison to the massive selling that we had seen previously.
The WTI Crude Oil market had a relatively positive Independence Day, but it should be noted that volume was a bit thin as most trading was electronic and off hours.
The AUD rose on a minor risk-on rally.
The EUR/USD pair is struggling after a series of bad economic data from Europe and the ongoing demand for the US dollar.
The GBP/USD price continued in a consolidation phase as investors waited for a statement by Bank of England’s Andrew Bailey and the release of the country’s financial stability report.