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 S&P 500 showed resilience despite the stronger-than-anticipated employment figures in America.
The British pound has rallied against the Japanese yen during Friday's trading session, as the market continues to see a lot of strength re-emerge.
The gold market experienced a sharp decline on Friday following a period of exhaustion on Thursday.
The EUR/USD attempted to rally during Friday's trading session but encountered resistance that forced it to sell off.
The AUD/USD has experienced a bit of a rally in recent trading sessions, but this could be short-lived as the market continues to face downward pressure and volatility.
The EUR/USD pair moved sideways after the Federal Reserve and the European Central Bank (ECB).
The BTC/USD pair remained stuck in a tight range below the resistance point at 30,000 as regional banks stabilized and as US stocks surged.
The Australian dollar held steady after the strong American non-farm payrolls (NFP) data.
My previous GBP/USD signal on 18th April was not triggered as none of the key support or resistance levels were reached during the day’s London session.
Bonuses & Promotions
Speculators who have pursued the bullish climb of the EUR/USD may be scratching their heads in frustration this weekend.
The GBP/USD will begin this week of trading near the 1.26300 level which essentially is near values seen in June 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.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 7th, 2022 here.
The US dollar initially fell against the Japanese yen during Thursday's trading session, but there are reasons to be optimistic about the pair's prospects.