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 British pound recovered later in the month of May, but it is still a currency that has been very soft overall.
The euro was somewhat bullish towards the end of the month of May, but we are going to continue to see a lot of issues around the world that could cause problems for risk appetite.
Gold markets bounced ever so slightly toward the end of the month for May, and now it looks like we will continue to see a lot of volatility.
Start the week of May 30, 2022 with our Forex forecast focusing on major currency pairs here.
The Japanese index initially pulled back during the session on Thursday but then turned around to show signs of life.
The Australian dollar has gone back and forth during the trading session on Thursday, showing signs of hesitation.
The German index as a rally during the training session on Thursday to break above a major downtrend line.
The S&P 500 has rallied significantly during the day on Thursday as buyers continue to look for reasons to get long.
The Euro has rallied a bit during the trading session on Thursday to reach the 50 Day EMA again.
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Solana markets have fallen a bit during the trading session on Thursday to reach as low as $42.
The West Texas Intermediate Crew Oil market rallied during the training session on Thursday to slam into the $115 level.
Bitcoin initially fell during the trading session on Thursday, reaching down toward the $28,000 level.
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Litecoin markets have fallen a bit during the trading session on Thursday to reach the $60 level.
We expected that the gains in the EUR/USD price would be temporary, as the price jumped towards the 1.0748 resistance level, following new tightening comments by European Central Bank Governor Lagarde.