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 US dollar has rallied again during the day on Friday as we continue to see the USD/JPY pair rally rather significantly.
We have seen strength in the AUD today and the price was able to break up above the former resistance level at 0.6882 which may now act as support.
The West Texas Intermediate Crude Oil market has gone back and forth during the trading session on Friday, as we continue to see a lot of confusion in financial markets overall.
The BTC/USD price pulled back slightly after last week’s strong sell-off.
The GBP/USD price crashed to the lowest level since July as the US dollar rose across the board.
The EUR/USD price continued falling as concerns of a more hawkish Federal Reserve pushed the US dollar to a multi-week high.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching. The first part of my forecast is based upon my research of the past 20 years of Forex prices, which show that the following methodologies have all produced profitable results:
Technical, fundamental, and sentiment Forex and CFD market analysis for the week ahead commencing 22nd August 2022.
The difference between success and failure in Forex / CFD trading is very 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.
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The DAX index gained a little over 15 basis points during the trading session on Thursday, but gave back quite a bit of the gain to form an inverted hammer.
The Australian dollar rallied a bit during the trading session on Thursday as we continue to see a lot of negativity out there.
The US dollar has broken to a fresh, new high against the Japanese yen during trading on Thursday, as the uptrend looks to be continuing.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 index did very little during the Friday session other than frustrate traders.
The NASDAQ 100 has done very little during the trading session on Friday, as the market quite frankly looks like it’s got nowhere to be.
The British pound has fallen again during trading on Thursday as we continue to see a lot of negativity when it comes to anything against the US dollar.