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.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 23th, 2023 here.
The S&P 500 index experienced a slight decline during Wednesday's trading session, as the market continues to maintain its bullish stance.
Silver has been struggling in recent trading sessions, as the market continues to exhibit a high level of volatility.
The USD/JPY experienced some gains against the Japanese yen during the Wednesday session, but ultimately gave back a significant portion of that gain due to high volatility.
On Thursday, the S&P 500 fell during trading and continued to drop.
The silver market experienced a pullback during Thursday's trading session but showed signs of life near the $25.50 level.
Gold markets have been experiencing volatility over the past few days, as they continue to hover around the important psychological and structural level of $2000.
During Thursday's trading session, the EUR/USD saw a slight rally amidst choppy and noisy behavior.
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On Thursday, the West Texas Intermediate (WTI) Crude Oil market fell slightly and is now testing the 50-Day EMA, which is a significant technical indicator for traders.
The price of the Turkish lira settled near its lowest level ever against the US dollar, which it recorded during trading at the beginning of the week.
The USD/CAD has continued to climb upwards over the past few trading days, after touching a low of nearly 1.33000 last Friday.
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The US dollar finds itself trying in mid-week trading amid a broader bearish shift in global stock markets
Since the start of trading this week, the XAU/USD gold price has been subject to profit-taking sales, after testing the $2048 resistance level