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
There is no doubt that the sudden change in the policy of the Central Bank of Japan caused a devastating tsunami for other major currencies against the Japanese yen.
The price of the pound sterling overcame the decline against the euro, the US dollar, and other currencies before the holidays
Gold futures rose above the $1,800 psychological resistance ahead of the Christmas holidays, giving some cheer to the gold price outlook as 2023 approaches.
Traders who wish to embark on GBP/USD speculative wagers in the coming days should know they are entering potentially dangerous waters.
The EUR/USD delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.
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.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 26th, 2022 here.
The USD/JPY has gone back and forth during a rather quiet trading on Thursday, as we continue to hang around the ¥132.50 level, an area that has previously been imported.
Bonuses & Promotions
The USD/CHF has rallied rather significantly during trading on Thursday, after bouncing from the recent lows that we made against the Swiss franc.
The GBP/USD initially tried to rally during the trading session on Thursday but gave bank gain at the 200-Day EMA as it looks like the pair is starting to roll over again.
The EUR/GBP initially tried to rally during the trading session on Thursday but has run into a bit of a resistance barrier near the 0.88 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD has spent the entire week trying to rally, but it continues to struggle above the 1.06 level, an area that seemingly is going to continue being important.
The West Texas Intermediate Crude Oil market has tried to rally during the trading session on Thursday.
The S&P 500 has fallen again during the day on Thursday, wiping out the gains of the last couple of days as we have seen a lot of volatility, to say the least.