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
During the Friday trading session, the British pound staged an impressive rally, showcasing a parabolic surge.
The S&P 500 showed signs of strength during Friday's trading session, initially rallying and approaching the significant 4500 level.
A surge of momentum entered the gold markets during Friday's trading session, propelling the precious metal to brush against the 50-Day Exponential Moving Average.
The West Texas Intermediate Crude Oil (WTI) market displayed a back-and-forth movement during Friday's trading session, nearing the upper boundary of its short-term range.
The AUD/USD kicked off the trading session on Friday with a feeble attempt to rally, as it flirted with the critical 0.69 level.
My last signal on 7th June was not triggered as there was no bearish price action when the resistance level identified at $0.6705 was first reached.
The GBP/USD exchange rate soared to the highest level since April 22nd last year ahead of the upcoming UK economic data and the Bank of England (BoE) interest rate decision.
The EUR/USD exchange rate jumped sharply last week after the European Central Bank (ECB) and the Federal Reserve offered diverging decisions.
The BTC/USD pair staged a strong recovery during the weekend.
Bonuses & Promotions
The GBP/USD will start this week trading near values it has not traded since April of last year.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 18th, 2022 here.
Silver experienced a significant drop during Thursday's trading session, reflecting the ongoing market volatility, particularly in light of the Federal Reserve's more hawkish stance than anticipated.
During Thursday's trading session, the natural gas markets saw a slight rally, inching closer to the significant 50-Day Exponential Moving Average.