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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Gold markets experienced back and forth trading during Friday's session, hovering around the $2000 level.
My previous BTC/USD signal on 23rd March was not triggered, as unfortunately the high price of the day never quite reached the key resistance level which I had identified at $28,846.
The GBP/USD price dropped slightly as an eventful quarter comes to a close and as UK’s inflation expectations dropped.
The EUR/USD exchange rate pulled back sharply on Friday as concerns about the banking sector resumed.
The AUD/USD is hovering near its lowest level since March 16 ahead of two important economic numbers from Australia.
The EUR/USD hit a high of nearly 1.09300 on Thursday of last week as the currency pair mounted an upwards attack, which essentially was ignited on Monday when the 1.06340 vicinities was briefly seen and speculators started to become buyers.
The GBP/USD hit a high of nearly 1.23430 on Thursday of last week after the Bank of England essentially copied the U.S Federal Reserve and increased its Official Bank Rate by 0.25% to 4.25%.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 26th, 2022 here.
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.
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This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The USD/CHF has fallen a bit during the trading session on Thursday, as we continue to see US dollar weakness in general.
The S&P 500 index has been consolidating in a choppy range, with the 4100 level serving as significant resistance.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have gapped higher to kick off the trading session on Thursday, but it's worth noting that we gave up quite a bit of the early gains.
On Thursday's trading session, the EUR/USD initially rallied, but has since encountered a selling area from which it plunged previously.
The BTC/USD market continues to consolidate, and after the recent surge toward the $30,000 level, there seems to be a little bit of hesitation.