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 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.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 12th, 2022 here.
The USD/ZAR has gone back and forth during the trading session on Thursday, as we continue to see a lot of bullish pressure overall against the South African Rand.
The S&P 500 market experienced some initial selling during Thursday's trading session, as futures traders sold off the contract.
The silver market has been rather uneventful lately, hovering just above the $20 level.
The GBP/USD has been struggling in recent weeks, with the currency unable to gain any significant momentum.
The EUR/USD showed signs of hesitation during trading on Thursday, as it initially tried to rally but ultimately gave back early gains.
The GBP/JPY has shown some weakness against the Japanese yen in recent trading sessions, as the currency pair tests key technical indicators.
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The gold market experienced a bit of a rally during Thursday's trading session as it found support at the 200-Day EMA.
The USD/JPY has shown some weakness against the Japanese yen during Thursday's trading session, solidifying the idea of the ¥137.50-¥138 level being a significant resistance barrier.
The WTI Crude Oil market experienced a bit of a rally during Thursday's trading session but remains stuck in a range due to a lot of back-and-forth noisy behavior.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/USD showed some signs of life during Thursday's trading session, after experiencing a significant selloff earlier in the week.
The TRY/USD declined during yesterday's trading, Wednesday, as it broke its lowest level ever, to continue the general trend in the red color recorded by the Turkish currency.
The outlook for EUR/USD remains somewhat hazy. Despite the rise of the US dollar against all major currencies, it is difficult to imagine strong and lasting gains against some of them, including the euro.