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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Over the past few days, gold markets have experienced a considerable amount of negativity, with Friday's trading session being no exception.
Bitcoin and other risky assets like stocks plunged last week amid rising concerns about monetary policy.
The AUD/USD price plunged to the lowest level since January 4 as bets of tighter monetary policy in the US rose.
During Friday's trading session, the West Texas Intermediate Crude Oil market experienced some volatility, causing it to dip slightly.
My previous GBP/USD signal on 22nd February produced a slightly profitable long trade from the bullish reversal at the support level which I had identified at $1.2071.
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.
The GBP/USD went into the weekend around the 1.19390 ratios having experienced a rather strong exhibition of selling on Friday.
Speculators anticipating a sudden reversal higher in the EUR/USD last week saw no evidence of upwards buying action being able to take hold.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 26th, 2022 here.
The USD/INR has pulled back a bit during the trading session on Thursday, as the ₹83 level continues to offer a significant amount of resistance.
During Thursday's trading session, the S&P 500 has been slightly negative, with the market hovering around the 200-Day EMA and the 50-Day EMA moving averages.
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Sign up to get the latest market updates and free signals directly to your inbox.The silver futures contract has shown weakness in the Thursday session as it gapped lower, indicating that the market is uncertain about its next move.
During Thursday's trading session, gold markets showed a lot of choppy behavior, which is consistent with the ongoing volatility in most financial markets.
The West Texas Intermediate (WTI) Crude Oil market showed some upward momentum during Thursday's trading session despite ongoing fluctuations.