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.
Most Recent
On Tuesday this past week, the GBP/USD was happily moving higher as strong buying was being demonstrated, as financial houses and traders embraced the notion a weaker-than-expected U.S Consumer Price Index report would soon be published.
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 February 19th, 2022 here.
The S&P 500 initially pulled back just a bit during the trading session on Thursday, only to find buyers underneath.
The NASDAQ 100 initially dipped during the trading session on Thursday but continues to find support near the 12,500 level.
The EUR/USD has gone back and forth during the trading session on Thursday, as we continue to see the 50-Day EMA offer support.
The Cardano market has been positive over the last several days, right along with the rest of cryptocurrency.
The BTC/USD market has rallied a bit during the trading session on Thursday, as we are now threatening the $25,000 level.
Bonuses & Promotions
The USD/JPY initially tried to rally during the trading session on Thursday but gave back gains to show signs of hesitation.
The USD/CAD has gone back and forth during the trading session on Thursday as we continue to hang around the 50-Day EMA.
The EUR/JPY has pulled back just a bit during the trading session on Thursday, as we are struggling to go much higher.
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The AUD/USD has initially fallen during the trading session on Thursday to show signs of hesitation, but at this point it’s very likely that we continue to see this as a market where it’s going to be about risk appetite.
The US dollar rose as better-than-expected retail sales data failed to spark a rally in financial markets.