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 S&P 500 gapped higher to kick off the Friday session, and then simply went straight up in the air.
The DAX index gapped higher to kick off the trading session on Friday, and then rallied just a bit more to test the highs that we had recently made.
The FTSE 100 rallied during the trading session on Friday to break above the top of several hammers, which is a very bullish sign.
Gold markets have done nothing over the last couple of weeks, and unfortunately, I can say the same thing for the Friday session.
The Australian dollar rallied a bit during the course of the Friday session, reaching above the 0.76 handle.
The Bitcoin market dropped a bit during the trading session on Friday, only to turn around and bounce from the $50,000 level.
The AUD/USD price is under pressure as investors turn to the safety of the greenback and as commodity prices struggle.
The EUR/USD price is in a tight range as the market watches the crisis at the Suez Canal and the rush to safety following last Friday’s sell-off in some stocks.
Start the week of March 29, 2021 with our Forex forecast focusing on major currency pairs here.
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Success in Forex trading is highly dependent upon which currency pairs you choose to trade each week and in which direction, and less so on the exact trading methods you use to determine trade entries and exits.
The US dollar initially fell during the trading session on Thursday only to turn around and show signs of life again.
Bitcoin markets fell during the trading session on Thursday to reach all the way down towards the $50,000 level.
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The West Texas Intermediate Crude Oil market has fallen again during the trading session on Thursday to reach down below the 50 day EMA.
Gold markets initially tried to rally on Thursday but gave back the gains later in the day to form a less than ideal candlestick.