Technical, fundamental, and sentiment Forex and CFD market analysis for the week ahead commencing 22nd August 2022.
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.
Most Recent
The difference between success and failure in Forex / CFD trading is very 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.
The DAX index gained a little over 15 basis points during the trading session on Thursday, but gave back quite a bit of the gain to form an inverted hammer.
Top Regulated Brokers
The Australian dollar rallied a bit during the trading session on Thursday as we continue to see a lot of negativity out there.
The US dollar has broken to a fresh, new high against the Japanese yen during trading on Thursday, as the uptrend looks to be continuing.
The S&P 500 index did very little during the Friday session other than frustrate traders.
The NASDAQ 100 has done very little during the trading session on Friday, as the market quite frankly looks like it’s got nowhere to be.
The British pound has fallen again during trading on Thursday as we continue to see a lot of negativity when it comes to anything against the US dollar.
The Ethereum market rallied a bit during the trading session on Thursday to reach the $1875 level.
Bonuses & Promotions
Bitcoin has drifted a bit lower again during the trading session on Thursday, as it looks like the cryptocurrency markets are simply killing time at this point.
The Euro continues to take a bit of a beating as we have seen it drop through the 1.01 level during trading on Thursday.
The West Texas Intermediate Crude Oil market has bounced a bid from a major support level during the trading session on Thursday.
The US dollar has rallied during early trading on Wednesday to reach the 50 Day EMA against its Japanese counterparts.
The S&P 500 Index has pulled back during the trading session on Wednesday as we continue to see a lot of noise right around the 4300 level.
The Bitcoin market had initially tried to recover during the trading session on Wednesday.