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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The AUD/USD pair has been in a strong bullish trend in the past few weeks as the US dollar index (DXY) has plunged.
The USD/CAD dollar has gone back and forth during the trading session on, attempting to stop the bleeding that we’d seen as of late.
The GBP/USD has gone back and forth during the trading session on Friday, as we continue to hang around the 1.22 level, as we are simply waiting for some type of clarity in the short term.
The EUR/USD fell a bit during the trading session on Friday, as we are looking at the 1.08 level as a decision point.
The AUD/USD has pierced the top of the trading channel it’s been in for a while on Friday, which of course is a bullish sign.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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.
The EUR/USD will start this week’s trading near the 1.08300 level, which is quite an accomplishment considering the currency pair touched the 0.95350 realm in late September of 2022.
Until mid-Thursday of last week the GBP/USD traded in a rather consolidated manner, but the quiet speculative landscape disappeared and the currency pair began producing vicious moves.
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Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 15th, 2022 here.
The EUR/USD has finally broken above the 1.08 level during the trading session on Thursday, as the CPI number in the United States came out much as expected.
Well, it looks like the markets are at it again.
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Sign up to get the latest market updates and free signals directly to your inbox.The NZD/USD has been all over the place during the session on Thursday, as we continue to see a lot of noisy behavior.
The USD/CAD has fallen against the Canadian dollar during trading on Thursday after the CPI numbers came out at 6.5% year-over-year.
The GBP/USD rallied during the trading session on Thursday after the CPI numbers came out of the United States.