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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During Friday's trading session, the USD/JPY pulled back slightly, with the market appearing to head towards the ¥136 level in the short term.
During Friday's trading session, the GBP/JPY saw a lot of volatility as it fluctuated back and forth.
On Friday's trading session, the GBP/USD experienced a slight rally as the area just above the 1.19 handle provided some support.
In Friday's trading session, the EUR/USD saw a slight rally, but overall, the market remains noisy and volatile.
The AUD/USD has seen a bit of a rally during Friday's trading session, as it has found support near the 0.67 level.
The GBP/USD price bounced back above the important support point at 1.1923 as the US dollar index (DXY) pulled back slightly.
The EUR/USD price pulled back ahead of a relatively busy market week in the financial market.
The BTC/USD pair remained on edge after making a major bearish breakout on Friday.
The AUD/USD exchange rate bounced back above the key support level at 0.6696 ahead of the upcoming interest rate decision by the Relative Strength Index (RSI).
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The EUR/USD produced a rather intriguing range last week as a low of nearly 1.05335 was seen on Monday, and a high near the 1.06920 ratio on Wednesday was demonstrated.
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.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD went into the weekend near the 1.20430 ratio after a rather choppy and nervous display of trading the entire week.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of march 5th, 2022 here.
During Thursday's trading session, the USD/JPY experienced a slight rally and is approaching the ¥137.50 level, a crucial area that has served as both resistance and support in the past