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
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of July 17, 2023 here.
The US dollar has shown signs of stabilization against the Japanese yen following a significant selloff.
The silver market appears poised for a breakout, although it's important to note that the candlestick for Thursday's session displayed subdued activity.
The natural gas market witnessed a slight pullback in Wednesday's trading session, as it maintained consolidation within a familiar range.
The NASDAQ 100 has been very bullish as of late, and it looks as if it is ready to continue going higher yet again.
The GBP/USD experienced a significant rally during Thursday's trading session as inflation in the United States began to cool off.
The West Texas Intermediate Crude Oil market and the Brent markets have recently shown signs of consolidation, with both facing resistance at key levels.
Bonuses & Promotions
Gold markets experienced limited activity during Thursday's trading session, with prices hovering just above the 50-Day Exponential Moving Average.
The EUR/USD started the trading session on Thursday with an attempt to rally, indicating the potential for further upward movement.
The GBP/JPY has recently rebounded from the ¥180 level, a psychologically significant support area.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.In Thursday's trading session, the Australian dollar surged, breaking through the resistance level at 0.68.
Today's recommendation on the lira against the dollar
The exchange rate of the euro against the dollar (EURUSD) rose by a percentage, reaching its highest level in 16 months at the resistance level of 1.1140.