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 AUD/USD pair continued falling after the relatively strong US PCE data and the positive outlook on the debt ceiling issue.
Silver demonstrated resilience on Friday as it bounced back, indicating underlying strength and the presence of eager buyers.
The gold market witnessed a hesitant trading session on Friday, initially attempting to rally before succumbing to the pressures of higher rates in the bond markets and the strengthening US dollar.
The West Texas Intermediate (WTI) crude oil and Brent markets have displayed signs of resilience, recovering slightly after a recent sell-off.
The GBP/JPY demonstrated strength during early Friday trading, surpassing the ¥173 level.
The AUD/USD exhibited a slight rebound during Friday's trading session, showing signs of life after experiencing a significant selloff.
Traders who have jumped onto the selling bandwagon of the EUR/USD have likely enjoyed the past handful of days.
Support levels have continued to prove vulnerable in the GBP/USD as nervous trading conditions highlight Forex.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 28th, 2022 here.
The euro continued its descent during the recent trading session, signaling a potential move towards the 200-Day Exponential Moving Average (EMA).
The Australian dollar experienced a decline during the recent trading session, following through on the selloff from the previous day.
The natural gas market finds itself in a state of uncertainty as it hovers around the 50-Day Exponential Moving Average, signaling a lack of clear direction.
Gold markets encountered a significant test as they hovered around the $1960 level, probing a major uptrend line during the recent trading session.