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.
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.
The West Texas Intermediate Crude Oil market has initially fallen a bit during the trading session on Thursday, only to turn around and show signs of life again.
The USD/CHF rallied a bit during the trading session on Thursday to recover against the Swiss franc.
The Thursday session was very negative for gold, as it lost 1.65% by the time New York started to close for business.
The Ethereum market has been very bullish during the trading session on Thursday, reaching the $1700 level.
The BTC/USD market has rallied a bit during the trading session on Thursday as we continue to see US dollar weakness overall.
The USD/JPY has fallen during the trading session on Thursday, and it looks as if we are going to continue to see a lot of negative pressure.
The S&P 500 has taken off to the outside during the trading session on Thursday, as we are now threatening the 4200 level.
The NASDAQ 100 has shot straight up in the air again during the trading session on Thursday, as we continue to see a lot of bullish pressure.
The EUR/USD has pulled back ever so slightly during the trading session on Thursday as we are getting close to the non-Farm Payroll announcement on Friday.
The GBP/USD has fallen during the trading session on Thursday, as the Bank of England continues to see headwinds down the road.
As expected, the American central bank slowed down the rate of raising the American interest rate, as inflation in the country showed a decline
Despite the strong expectations that today the Bank of England will be more strict than the American Federal Reserve Bank, the gains of the upward rebound of the GBP/USD currency pair
The price of the TRY/USD stabilized during early trading on Thursday morning.
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