The USD/ZAR has had a very rough trading session against commodity markets and commodity currencies during the trading session on Friday as we continue to see plenty of volatility in the Forex markets.
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 US dollar has taken it on the chin during the trading session on Friday, and the New Zealand dollar was by far one of the strongest currencies against it.
The EUR/USD has rallied rather significantly during the trading session on Friday, as traders have looked at the jobs number and decided that the Federal Reserve was going to lose in monetary policy.
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My previous signal on 12th October produced a slightly profitable long trade from the bullish hammer candlestick which rejected the support level which I had identified at $0.6250.
Speculators of the EUR/USD that enjoy volatility are getting plenty of price action delivered on a daily basis.
The GBP/USD has delivered another week of rather nasty volatile results for speculators who like to trade one of the world’s most famous currency pairs.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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 November 6th, 2022 here.
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The West Texas Intermediate Crude Oil market has fallen slightly during the trading session on Thursday, testing the 50-Day EMA.
The S&P 500 gap lowered to kick off the Thursday session, and then continued to fall.
The NASDAQ 100 gap lower to kick off the trading session on Thursday, showing a continuation of the negativity that we had seen recently.
Gold markets have fallen a bit during the trading session on Thursday, but as you can see, have turned around to show signs of life again.
The DAX fell initially during the trading session on Thursday, breaking below the €13,100 level.
The USD/JPY has been somewhat back and forth during the trading session on Thursday against the Japanese yen, as we are waiting for the jobs number coming out of the United States.