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 the GBP/USD Forex signal for April 22, 2019 here.
Get the EUR/USD Forex signal for April 22, 2019 here.
The Euro bounces slightly during the trading session on Friday, but of course it was a holiday so there isn’t much in the way of liquidity.
The US dollar initially tried to rally during the day on Friday but then rolled over again as we continue to see a lot of weakness against the Mexican peso.
Obviously, the S&P 500 didn’t trade during Good Friday, but we have seen quite a bit of action over the last week that was choppy to say the least, and it’s likely that the market is simply killing time heading into the Easter weekend.
The US dollar fell a bit against the Japanese yen and then Good Friday trading, but more than that you need to pay attention to the fact that the ¥112 level is crucial.
The WTI Crude Oil market continues to meander around the $65 level, as we closed out the market on Thursday.
Gold markets didn't trade on Friday as it was Good Friday, but when we look at the daily chart it’s easy to see that the $1275 level is very important.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of April 21, 2019.
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.
Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of April 21, 2019 here.
The Euro fell rather hard during the trading session on Thursday as the US dollar strength and quite considerably.
Bitcoin markets rallied slightly during trading on Thursday as we continue to see a bit of an upward tilt.
The S&P 500 initially fell during trading on Thursday but found buyers after we broke down below the 2900 level.
The US dollar pulled back a bit during thin trading on Thursday as we head into the Easter weekend.