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
The EUR/USD gave up some of the momentum heading into the weekend, as we are hanging about the 0.98 level.
The BTC/USD has done almost nothing during the trading session yet again during the day on Friday, as we are sitting just below the 50-Day EMA.
My previous GBP/USD signal on 20th September was not triggered, as the bearish price action took place above the resistance level which I had identified at $1.1451.
The EUR/USD price recovered modestly from its two-decade low in the final part of the week as investors bought the dip.
The BTC/USD price continued to consolidate as investors waited for the next catalyst.
The Australian dollar remained under pressure in the final part of last week even as other developed country currencies like sterling and euro crawled back.
After touching historic lows on Monday of last week, as investment houses reacted in fear to the new economic mandates heralded by the Liz Truss led U.K government, something not so surprising happened.
The EUR/USD finished the last week of trading above the 0.98000 ratio, which was better than the previous week’s finish.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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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.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 2nd, 2022 here.
The USD/JPY has rallied slightly during the trading session on Thursday as we continue to threaten the crucial ¥145 level.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have initially pulled back a bit during the trading session on Thursday but turned around to show signs of life as we continue the overall volatility in this market.
The EUR/USD initially fell during the trading session on Thursday but turned around to show signs of life again.
The BTC/USD has done very little during the trading session on Thursday, as we continue to see a lot of noisy behavior.