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.
Forex Daily Forecast, Analysis and Prediction
Top Forex BrokersForex Daily Forecast, Analysis and Prediction
The EUR/USD price retreated slightly after a series of mixed economic data from Europe and the United States.
The EUR/USD remains within the lowest realms of its one-month price range.
The GBP/USD went into this weekend near the 1.24470 ratios; the result higher for the entire week upon inspection is a solid result for the currency pair.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 4th, 2022 here.
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 West Texas Intermediate Crude Oil market and its counterpart, Brent, faced another day of uncertainty as they attempted to rally but succumbed to weakness.
The GBP/JPY displayed an initial pullback during Thursday's trading session but swiftly regained momentum, indicating signs of strength.
The AUD/USD experienced a slight rally during Thursday's session as it attempted to recover from recent losses.
The S&P 500 experienced an initial rally in the futures market but struggled to sustain gains due to strong ADP employment numbers.
The NASDAQ 100 turned things around during the trading session on Thursday, as it looks like the buyers are starting to come back into the picture.
The USD/JPY displayed a back-and-forth movement during Thursday's trading session, reflecting the ongoing noisy behavior in the market.
Silver experienced an initial decline during Thursday's trading session, but quickly rebounded, showing signs of resilience.
The GBP/USD began Thursday's trading session with an initial pullback, testing the 50-Day Exponential Moving Average (EMA).
Gold markets experienced an initial decline during Thursday's trading session but managed to reverse course, showing signs of resilience and consolidation.