Start the week of June 13, 2022 with our Forex forecast focusing on major currency pairs 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.
Most Recent
The GBP/USD pair initially tried to rally during the training session on Thursday but get back gain as we continue to see a lot of negativity.
Polygon has rallied a bit during the trading session on Thursday, as we continue to hang around the $0.60 region.
Top Regulated Brokers
Cardano has done very little during the trading session on Thursday as we continue to see a general malaise in the crypto markets.
The S&P 500 has initially tried to rally a bit but get back gain as we are starting to focus on the CPI numbers coming out on Friday.
The Euro has broken down significantly on Thursday as we have broken through the bottom of the rising wedge, showing signs of exhaustion.
The gold markets initially fell during the trading session on Thursday but then turned around to show signs of life at the bottom of the consolidation area.
Bitcoin initially tried to rally on Thursday but gave up what minuscule gains it happened to come up with.
The Nikkei 225 had spiked initially during the trading session on Thursday but gave back the gains at the ¥28,400 level to form a massive shooting star.
Bonuses & Promotions
The German index fell during the trading session on Thursday as we continue to see a lot of negativity.
The West Texas Intermediate Crude Oil market has pulled back just a bit on Thursday, but at this point in time, we are a little stretched at the moment.
Since the start of this week's trading, the price of the EUR/USD currency pair has been in a cautious wait until an update to the European Central Bank's policy is announced.
During the middle of this week's trading, the British pound tried to recover its recent losses against the dollar, the euro, and all other major currencies.
The recent cautious stability of the gold price may move strongly, starting from today and ending tomorrow.
Ignoring the Japanese government and the Central Bank of Japan, the recent collapse of the Japanese yen in the forex market allowed the USD/JPY to move strongly higher.