Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading. Technical analysis shouldn’t be overwhelming, and our Forex technical analysis is designed for traders at all levels. Need help understanding more complex concepts? Our Forex articles base will provide the explanations you need to succeed.
Forex Technical Analysis
Forex Technical Analysis
The Euro has broken down significantly during the course of the trading session on Thursday as the trading world continues to see the question of inflation become most of the moves.
The NASDAQ 100 initially pulled back during the trading session on Thursday as traders got concerned about the upcoming CPI number.
At this point, the US dollar is falling again against the Mexican peso, in a sign of major US dollar depreciation.
The British pound continues to consolidate overall, as although we fell to kick off the trading session, the reality is that the overall consolidation continues to be very much intact.
The S&P 500 has initially pulled back during the trading session on Thursday to reach down towards the 4200 level, as the numbers were coming out.
While there are a lot of arguments to be made for the efficacy of Cardano longer-term, the reality is that the crypto markets tend to move in the same general direction as Bitcoin.
The West Texas Intermediate Crude Oil market initially fell during the trading session on Thursday as traders awaited CPI figures.
Bitcoin markets rallied again during the trading session on Thursday, just as buyers would like to see.
The USD initially rallied against the Singapore dollar during the trading session but gave back the gains as the 50 day EMA above continues to offer a significant amount of influence.
The gold markets initially fell during the trading session on Thursday as the world awaited the Consumer Price Index in the United States to come out.
A state of cautious stability dominates the performance of the euro pairs, awaiting the most important event for the Eurozone this week
The recovery of the US dollar before the announcement of US inflation figures contributed to the decline in the price of gold to the level of 1888 dollars per ounce.
It has often been noted that the gains of the sterling pound may be subject to evaporation if the current fears of the future of ending plans to reopen the British economy continue.
For three trading sessions in a row, the USD/JPY currency pair is trying to correct higher ahead of the release of US inflation figures.
The S&P 500 is essentially sitting at the all-time highs at the market has done nothing during the trading session on Wednesday.