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 pulled back rather significantly during the trading session on Friday, after attempting to break above the 4200 level.
The USD/ZAR is challenging mid-term values not seen since the third week of December.
The EUR/USD currency pair initially tried to rally, but then got absolutely slammed as the jobs number in the US came out much stronger than anticipated.
The nifty 50 bounced a bit during the training session on Friday as we continue to walk along a trendline for the massive channel that we have been in for a while.
The US dollar has rallied significantly during the trading session on Friday, as a jobs number came out much hotter than anticipated.
The BTC/USD didn’t do much during the training session on Friday as we continue to hover right around the $23,500 level.
The AUD/JPY has gone back and forth during the trading session on Friday, as we continue to see a lot of volatility when it comes to the Japanese yen.
If a trader has been able to survive the last few days of pursuing the USD/JPY, they have likely been on the correct side of the move higher, or have used adequate risk management.
A stronger US Dollar and a more dovish Bank of England have sent the price tumbling to near the big round number at $1.2000
Bonuses & Promotions
The EUR/USD price came under intense pressure after an extremely busy week that saw the Federal Reserve and the European Central Bank (ECB) make their first decisions of the year.
Bitcoin and other risky assets like stocks pulled back modestly after the strong American non-farm payrolls (NFP) data.
The AUD/USD plunged below the neckline of the double-top pattern after the spectacular American jobs numbers.
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Speculative traders who enjoy volatility certainly found their objective in the EUR/USD last week.
After touching the 1.24000 vicinity in the middle of last week the GBP/USD managed to essentially destroy a lot of short term bullish optimism with one sword thrust on Friday.