Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 15, 2022 here.
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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Start the week of August 15, 2022 with our Forex forecast focusing on major currency pairs here.
The West Texas Intermediate Crude Oil market has rallied a bit, but at this point, it looks to me as if we are heading close to a major resistance region.
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The gold markets have gone back and forth during the session on Thursday, as we are sitting just below the $1800 level.
The German index initially tried to rally during the trading session, but suddenly looks very vulnerable.
The NASDAQ 100 gaps higher to kick off the trading session on Thursday, but then turns right back around at the 13,500 level to show signs of exhaustion.
The S&P 500 rallied a bit during the trading session on Thursday but gave back gains rather quickly.
The Australian dollar has rallied significantly again during the training session on Thursday to reach the 200 Day EMA.
The Euro has rallied a bit during the trading session on Thursday, as we continue to hang about the 50 Day EMA.
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The Ethereum market has rallied a bit during the trading session on Thursday as we continue to see a little bit of bullish pressure.
Bitcoin has rallied significantly during the trading session on Thursday to reach the $25,000 level.
The US dollar initially fell on Thursday but found the support level that I had been talking about previously as reason enough to get long.
The Dow Jones Industrial Average Index returned during its recent trading at the intraday levels, to achieve gains in its last sessions by 1.63%, to add about 535.10 points to it.
There is no doubt that the decline in US inflation rates stronger than expected contributed a lot to the decline of the US dollar against the rest of the other major currencies.
Spot natural gas prices rose in the recent trading at the intraday levels, to achieve new daily gains until the moment of writing this report, by 1.12%.