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 crashed below an important support level as investors embraced a risk-off sentiment amid the debt ceiling crisis.
The EUR/USD exchange rate continued its bearish trend, helped by the strong US dollar. It fell to a low of 1.0847, the lowest point since April 10th.
The Australian dollar retreated to the lowest point since May 3 as the US dollar index (DXY) pulled back.
My previous BTC/USD signal on 1st May was not triggered, as there was no bullish price action when the support level identified at $27,874 was first reached.
Traders of the GBP/USD were rudely treated by fundamental powers late last week.
The EUR/USD dove on Friday; this after the currency pair had already experienced plenty of selling on Thursday.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 14th, 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.
Bonuses & Promotions
The GBP/USD experienced a minor retreat during Thursday's trading session but managed to find support just above the 1.2550 level, a significant area that has held importance for an extended period.
The S&P 500 exhibited back-and-forth movement during Thursday's trading session, reflecting a general trend of sideways action.
The natural gas market experienced a lackluster trading session on Thursday, marked by minimal price movements.
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Sign up to get the latest market updates and free signals directly to your inbox.The market is expected to remain highly volatile, necessitating a focus on short-term charts.
The EUR/USD faced a modest decline in Thursday's trading session, reflecting the prevailing noisy behavior observed in the market.
The USD/JPY showcased a back-and-forth movement during Thursday's trading session as market participants continue to search for a solid footing.