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.
Most Recent
The AUD/USD has been experiencing fluctuations in the trading market, with the currency hovering just below the significant 0.68 level.
Trend traders will be waiting for the current bearish retracement to end to get long.
The GBP/USD exchange rate jumped to the highest point in over ten months as the US dollar sell-off intensified.
The BTC/USD price moved sideways at its highest point since June last year as traders reflected on the recent economic events and the upcoming regional bank earnings.
The AUD/USD exchange rate drifted downwards on Friday after a hawkish statement by a Federal Reserve official.
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.
Bonuses & Promotions
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.