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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The USD/CHF has fallen slightly during the trading session on Monday but continues to find support near the 0.92 level.
The USD/JPY drifted a little bit lower during the trading session on Monday, to reach the lows of that massive candlestick from the Bank of Japan surprise.
The GBP/USD has drifted a little bit lower during the trading session on Monday, as we still wait for a lot of liquidity and volume to come back into the market.
The EUR/USD has pulled back a bit during the trading session on Monday, but it is probably worth noting that the market is going to continue to see a lot of noisy behavior.
The AUD/USD has done very little during trading on Monday, which is not a huge surprise considering how many banks were closed.
My previous signal on 27th December was not triggered as there was a small bullish bounce at the support level which I had identified at $0.6732, but it was not enough to trigger a long trade entry.
In the last trading week of the year 2022, the performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, was positive.
The pound sterling fell further in the final session of a turbulent year, leaving it behind most of the major currencies for 2022
In the last two trading sessions for the year 2022, the price of the US dollar currency pair against the Japanese yen, USD/JPY, was subjected to strong selling operations.
Gold futures ended 2022 relatively unchanged, erasing losses from earlier in the year.
The EUR/USD delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.
The cash price for WTI Crude Oil finished near the 80.480 mark before going into the weekend.
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 January 2nd, 2022 here.