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 USD/ZAR is near the 18.25000 level as of this morning as light trading persists within Forex because of the Easter holiday weekend.
On Friday, the British pound was largely stagnant, fluctuating around the 1.25 region with no significant breakthroughs.
The Euro was relatively quiet on Friday, remaining at an extreme level.
The Australian dollar bounced slightly during the trading session on Friday, reaching the bottom of the channel.
The S&P 500 was closed on Friday, but looking at the action over the past week, there are a few things that we can gather from the charts.
Silver prices have been in the spotlight lately as they continue to fluctuate in the market.
The AUD/USD pair drifted downwards and is trading at the lowest level since March.
Bitcoin pulled back as the US dollar index continued falling.
The GBP/USD pair drifted downwards after the US jobs numbers.
Bonuses & Promotions
The EUR/USD pair rose to a high of 1.0973 on Wednesday and then pulled back to a low of 1.0877 on Friday
The EUR/USD will begin trading near the 1.08985 level tomorrow, after attaining a high around the 1.09745 mark on Tuesday.
The GBP/USD went into this holiday weekend near the 1.24110 level, after coming off a high around the 1.25275 mark which was demonstrated on the 4th of April.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 9th, 2022 here.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.