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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The EUR/USD started off strong on Monday, with an initial gap up, but then fell drastically to pierce the 50-Day EMA.
The GBP/USD price continued soaring as the financial market took a reprieve following the failure of Credit Suisse, the second-biggest bank in Switzerland.
The US dollar index pulled back to $103 as an uneasy calm resumed in the market on Monday.
Bitcoin has emerged as one of the biggest winners of the ongoing banking crisis.
My last signal on 15th March did not trigger any trades, as unfortunately the bullish price action that took place a few pips below the support level which I had identified at $0.6599.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 19th, 2022 here.
Since the middle of last week’s trading, the price of the euro currency pair against the dollar, EUR/USD, has been exposed to selling operations.
The TRY/USD settled near its all-time low, which was recorded during the past week.
On Friday, XAU/USD gold price continued its gains to a new 11-month high at around $1987 an ounce.
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Most of last week’s trading was generally bearish for the USD/JPY currency pair, with losses that reached the support level of 131.55, before closing around the support level of 131.82.
Spot natural gas prices (CFDS ON NATURAL GAS) settled lower during their early trading on Friday.
The British pound rose broadly in the last trading session of last week despite the apparent risk aversion among investors
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Sign up to get the latest market updates and free signals directly to your inbox.The Dow Jones Industrial Average declined during its recent trading on intraday levels, to record sharp losses in its last sessions by -1.19%.
Gold markets saw significant gains during Friday's trading session, leading to a sense of fear in the market heading into the weekend.
The Euro experienced an initial surge during the trading session on Friday, but gains were quickly reversed as the currency broke above the 50-Day EMA.