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/JPY has been exhibiting a lot of volatility in the forex markets lately, and Friday's trading session was no exception.
The S&P 500 is a market that is currently in a consolidation phase, as it struggles to break above the 4200 level.
Silver has been a volatile market, and the trading session on Friday saw a complete reversal after it initially peaked above the important $26 level.
The gold market is facing some major turbulence as it has been experiencing a downward trend during the trading session on Friday.
The GBP/USD had a mixed trading session on Friday, initially attempting to rally before giving back gains as weaker-than-expected retail sales data came out of the United States.
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.
The EUR/USD will start the week near the 1.09930 mark, which is a price that has last seen sustained values in March and April of 2022.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The GBP/USD will begin trading this week near the 1.24125 mark.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 16th, 2022 here.
The silver market has seen significant bullish momentum during Thursday's trading session, with the precious metal shooting straight up in the air.
The GBP/USD has continued to rally during the Thursday trading session, breaking above the key 1.25 level.
The West Texas Intermediate Crude Oil market did not move much during Thursday's session, as the market continues to hover under very significant overbought conditions.
The EUR/USD rallied during Thursday's trading session, as the market is trying to fend off any potential US dollar strength.
The AUD/USD has shown some signs of strength, but the market continues to be challenged by various resistances, particularly the 0.68 level.