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.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching. The first part of my forecast is based upon my research of the past 20 years of Forex prices, which show that the following methodologies have all produced profitable results.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 4th, 2022 here.
Start the week of September 4th, 2022 with our Forex forecast focusing on major currency pairs here.
The West Texas Intermediate Crude Oil market has fallen again during the trading session on Thursday, as it looks like we are seeing a lot of jitters before the jobs number.
The CAD/JPY rallied on Thursday as it looks like we are getting ready to attempt a breakout.
The S&P 500 had an interesting session on Thursday, dipping below the 3950 level.
The NASDAQ 100 has fallen a bit during the trading session on Thursday only to turn around and show signs of life.
Gold markets have fallen during the trading session on Thursday as we continue to see a lot of negativity in the charge.
The USD/JPY has rallied significantly during trading on Thursday as we wait for the Non-Farm Payroll number on Friday.
The GBP/USD continued to fall significantly during the trading session on Thursday as we are now starting to threaten the 1.15 level.
The Euro has fallen hard during the trading session on Thursday as we are now below the parity level yet again.
The Ethereum market has gone back and forth on Thursday, essentially “chopping wood” just below the crucial 50-Day EMA.
The BTC/USD continues to drop a bit as the market continues to see a lot of negativity.
This week, the EUR/USD fell to the support level of 0.9900, the lowest in 20 years.
The price of gold is heading for the fifth consecutive monthly decline, the longest losing streak in four years, as speeches by Federal Reserve officials indicate that the US central bank will keep monetary policy tight for some time.
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