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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Forex traders of the EUR/USD were ‘treated’ to a couple of days of fireworks from the currency pair.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 25th, 2022 here.
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.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The natural gas market displayed limited activity during the early Thursday session, reflecting a prevailing sense of hesitation.
Gold experienced a decline early on Thursday as downward pressure continued to weigh on the market.
The EUR/USD has exhibited a bullish trend in recent weeks, although its trajectory has become increasingly volatile.
During Thursday's session, the West Texas Intermediate (WTI) and Brent crude oil markets experienced significant declines, primarily due to resistance at the 50-Day Exponential Moving Average (EMA).
The AUD/USD experienced a decline during Thursday's trading session, testing the 200-Day Exponential Moving Average.
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During Thursday’s trading session, the USD/JPY experienced a modest rally, indicating sustained upward pressure and a positive outlook for the currency.
The S&P 500 saw a slight decline during Thursday's trading session as traders began to acknowledge the pull of gravity in the markets.
Silver finds itself at the 61.8% Fibonacci retracement level, a key point of interest for many traders.
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The GBP/JPY experienced an initial surge during Thursday's trading session, reflecting the upward pressure it has encountered over the past few weeks.
The trading of the TRY/USD stabilized during early trading on Thursday morning.