DailyForex

DailyForex serves as a comprehensive resource for Forex traders. We provide in-depth and unbiased reviews on the latest happenings in the Forex industry!

International, Trade/B2B

Arabic, English, French, Spanish

Online/Digital

Outlet metrics

Domain Authority

Ranking

Global

#135630

India

#82179

Finance/Investing

#1884

Traffic sources

Monthly visitors

Articles

Sustaining Unsure Trend -Chart

4 days ago | dailyforex.com | Robert Petrucci

Traders who have been seeking upside price action in the NZD/USD may have found profitable upside in in recent weeks, this as the currency pair has shown an ability to sustain highs above the 0.60100 mark recently. The NZD/USD is around the 0.60115 mark for the moment. The ability of the currency pair to rise in a rather steady fashion since the 4th of April is clear.
Slight Reversal Up (Chart)

4 days ago | dailyforex.com | Robert Petrucci

The USD/ILS is trading within a known price realm, but the current price near the 3.52250 ratio has occurred after the currency pair touched long-term lows seen last Thursday. After touching long-term lows not seen since January 2023 the USD/ILS reversed slightly higher and is once again within a relatively known price realm around 3.52250 this morning. The currency pair touched the 3.47000 vicinity with fast trading last Thursday via spike lower and then incrementally began to creep back upwards.
Stabilizes (Chart)

5 days ago | dailyforex.com | Robert Petrucci

The USD/BRL remains in the lower elements of its mid-term range and its ability to sustain lower values may provide opportunities for speculators looking to take advantage of the seemingly quiet conditions. After gapping lower on Monday upon opening, the USD/BRL concluded yesterday’s trading essentially bouncing up against prices it saw nearly one month ago.
Bearish Sentiment (Chart)

5 days ago | dailyforex.com | Robert Petrucci

The USD/SGD continues to trade in the lower elements of its long-term range the currency pair bounces along support levels which have been tested for nearly one month. The USD/SGD is near the 1.28660 level as of this writing, this value is slightly higher than its price at this time last week. However, the USD/SGD remains in lower boundaries of its near, mid and long-term term ratios. Yesterday’s low around the 1.28450 vicinity did not challenge depths seen on the 26th of May.
Memecoins Flash Green as Bitcoin Stalls (Chart)

5 days ago | dailyforex.com | Nancy Lubale

Data from CoinGecko shows that the total market capitalization of memecoins has climbed in the last 24 hours, rising 2% to $66.6 billion. In comparison, the global crypto market capitalization has increased by a mere 0.8% over the same timeframe to rest at $3.31 trillion. Meanwhile, Bitcoin (BTC), the largest cryptocurrency by market capitalization, has remained flat, hovering around $105,000, after dropping by 0.5% on the day.
Hits Ceiling (Video)

5 days ago | dailyforex.com | Christopher Lewis

The Euro has rallied pretty nicely during the trading session against the US dollar, but it is probably worth noting that we are still in this range. As a result, I think you've got a situation where traders are trying to sort out where to go next. Ultimately, this is a market that given enough time will probably have to be sorted out a little bit with the market basically looking at the 1.15 level as an area of importance and the 1.12 level as an area of importance.
Lack of Clarity (chart)

6 days ago | dailyforex.com | Robert Petrucci

The USD/ZAR has moved slightly lower in this morning as choppiness has proven to create a rather bumpy near-term for the currency pair as financial institutions test equilibrium. The USD/ZAR is near the 17.93900 ratio as of this writing with a wide spread being seen and quick fluctuations early this morning. Friday’s trading in the currency pair saw a short test of highs near the 18.07600 vicinity but before going into the weekend a price around 17.97000 developed.
Bearish Trend (chart)

6 days ago | dailyforex.com | Robert Petrucci |Justin Paolini

The USD/MXN has continued to show an ability to traverse to lower values, but day traders should not get over confident because intraday volatility remains steady and occasional reversals higher a part of the trading landscape. The USD/MXN is near 19.20600 as of this writing. The U.S is observing Memorial Day and this will limit trading volumes in Forex today.
01/06: Swift Reactions (Chart)

1 week ago | dailyforex.com | Robert Petrucci

The GBP/USD began last week’s trading with a test of 1.35920 on early Monday. However, it needs to be remembered banks in Great Britain and the U.S were mostly closed for holidays. Meaning that the highs attained in the currency pair happened when a good deal of value was missing from the broad Forex markets. Selling began after these early highs were demonstrated and on late Wednesday and Thursday the GBP/USD was touching a low of nearly 1.34150.
Crude Oil Weekly Forecast

1 week ago | dailyforex.com | Robert Petrucci

The price of WTI Crude Oil future values did produce a rather attractive range the past week. Trading began on Tuesday following the long Memorial Day holiday around the 61.10000 vicinity. Friday’s close near 60.085 is nearly one USD lower, but the high for the commodity did touch the 62.800 vicinity on early Thursday. The price range of WTI Crude Oil was not violent, and it did trade within known realms making it an intriguing pursuit for speculators.