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 GBP/JPY has experienced a significant surge overnight, with market participants closely observing the ¥180 level as substantial support.
During Friday's trading session, the AUD/USD experienced a significant decline, approaching the 50-Day Moving Average as it grinds towards the 0.67 level.
The GBP/USD exchange rate dropped to an important support level after a series of important economic numbers from the UK.
The BTC/USD has gone nowhere in the past few weeks as focus now shifts to the upcoming Fed decision and options expiry.
The AUD/USD exchange rate retreated on Monday morning as the focus shifted to the upcoming interest rate decision.
The gold market has recently encountered a momentary retreat after a period of bullish pressure, prompting investors to carefully assess the market's recent momentum.
In Friday's trading session, the West Texas Intermediate Crude Oil market rallied, threatening the 200-Day EMA.
Friday's trading session for the euro was marked by limited movement, which, in itself, could be interpreted as a bullish sign, considering the previous day's tumultuous performance
Friday's trading session witnessed a notable rally in the S&P 500, as the market displayed a back-and-forth movement towards the upside
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Friday's early trading session witnessed a promising rally in the silver market, indicating potential upward movement.
Throughout Friday's trading session, the British pound displayed indecisive movements, attempting to find stability in the market.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 23rd, 2022 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The ability of the EUR/USD to reach a high of nearly 1.12760 last Tuesday touched a value not seen since late February of 2022.
The GBP/USD will begin trading tomorrow near 1.28520, which is a value the currency pair has not traversed in a sustained manner since the 10th of July.
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.