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 USD/CAD has fallen rather hard during the trading session on Friday, as we continue to see the greenback lose strength.
The EUR/USD has rallied rather significantly during the trading session on Friday, as we continue to see the market react to the idea of “lower inflation”, being “just” 7.7% in the United States.
The GBP/USD rallied again during the trading session on Friday, as we are now above the 1.18 level.
The BTC/USD has fallen rather significantly during the trading session on Friday as the $18,000 level has offered a significant barrier.
The AUD/USD has rallied significantly during the trading session on Friday, as we continue to see traders react to the inflation numbers in America coming out at “only 7.7% year-over-year” on Thursday.
The GBP/USD price continued its bullish trend even after worrying economic data from the UK.
The EUR/USD price continued surging as investors embraced a risk-off sentiment following the weak US inflation data.
The BTC/USD price remained under pressure during the weekend as cryptocurrency outflows continued.
The AUD/USD price continued its recovery as the US dollar strength fizzled.
Bonuses & Promotions
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.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6th, 2022 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD climbed above parity last week and sustained upwards momentum, this as the weekend came into sight while the Forex pair continued to challenge resistance.
The GBP/USD continued to march upwards last week as the currency pair has not only fought off lows, but has begun to come within sight of ‘accepted’ price equilibrium.
The S&P 500 has taken off to the upside after the CPI number in the United States came out lower than anticipated.