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
Browse by category
Forex Daily Forecast, Analysis and Prediction
The USD/MXN is traversing within a fairly consolidated range early today; this has taken place after the Forex pair re-confirmed its bearish momentum late last week.
A slight reversal higher in early trading today underscores some of the choppy conditions via the USD/ZAR which may produce opportunities for traders.
After making short-term highs on the 2nd of June, the USD/INR has seen renewed vigor via bearish sentiment and the Forex pair is now challenging key support.
DOGE/USD has seen bearish pressure regenerate the past twelve hours and the cryptocurrency is testing important one-week support levels.
The euro rallied significantly during the trading session on Monday to reach towards the 1.22 handle.
This is a market that has been consolidating for a while, perhaps trying to work off a bit of froth.
At this point, it looks very likely that the DAX will continue to find buyers on dips, just as it had on multiple times previously.
The NASDAQ 100 pulled back a bit during the trading session on Monday but then turned around to show signs of strength again.
The S&P 500 fluctuated during the session on Monday in very choppy and sideways trading, which is what we have seen for the last several weeks.
We did find a significant amount of exhaustion at the $70 level to turn things right back around and form a somewhat exhaustive candle.
The US dollar initially tried to rally during the trading session on Monday but gave back the gains to show signs of exhaustion yet again.
It is very likely that we will continue to see a lot of choppy and misdirected volatility.
The Australian dollar rallied on Monday to show signs of continuation of the sideways action.
The Bitcoin market initially tried to rally a bit during the trading session on Monday as the trading world got back to work.
The GBP/USD is holding steady near the highest level this year as investors reflect on the strong UK data and the upcoming US inflation data.