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 West Texas Intermediate Crude Oil market rallied significantly during the day on Friday, breaking above the $92 level and touching the 200-Day EMA.
Gold markets have drafted a bit lower during the trading session on Friday as the 50-Day EMA has offered a little bit of resistance.
Bitcoin has fallen during the Friday session as the US dollar has strengthened a bit and of course, the 50-Day EMA has offered a little bit of resistance.
The US dollar has rallied during the Friday session against the Japanese yen after the jobs number.
The USD/SGD has seen another strong burst of buying early this morning as the currency pair is now situated around the 1.43425 mark as of this writing.
The GBP/USD continued dropping on Monday as the market reflected on the strong American jobs data.
The EUR/USD price continued dipping on Monday morning as the crisis in Ukraine continued and after the strong American job’s numbers.
The BTC/USD price continued consolidating on Monday as focus shifted to the upcoming American inflation data.
The AUD/USD price has been in a strong bearish trend in the past few days. The sell-off accelerated on Friday after the US published strong jobs numbers.
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The S&P 500 has fallen on Friday, gapping lower and then shooting straight down after the jobs never came out about as expected.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
After trading within sight of the 1.00000 ratio early in the past week, the EUR/USD started to slide lower again on Thursday and before going into the weekend.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD went to a high of nearly 1.14950 on the 4th and 5th of October.
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.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 9th, 2022 here.