The Australian dollar held steady after the strong American non-farm payrolls (NFP) data.
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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My previous GBP/USD signal on 18th April was not triggered as none of the key support or resistance levels were reached during the day’s London session.
Speculators who have pursued the bullish climb of the EUR/USD may be scratching their heads in frustration this weekend.
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The GBP/USD will begin this week of trading near the 1.26300 level which essentially is near values seen in June of last year.
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 May 7th, 2022 here.
The US dollar initially fell against the Japanese yen during Thursday's trading session, but there are reasons to be optimistic about the pair's prospects.
The GBP/USD initially attempted to rally during Thursday's trading session, breaking above the 1.2550 level before pulling back again.
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The S&P 500 fell again during Thursday's trading session as central banks around the world continue to tighten monetary policy.
The natural gas market continued to favor the downside during Thursday's trading session.
The European Central Bank (ECB) raised its key interest rates as anticipated, causing the euro to initially try to rally during Thursday's trading session before giving back gains.
Silver has been trading back and forth during Thursday's trading session, potentially showing signs of exhaustion, and nearing its overall highs.
The GBP/JPY experienced a pullback during Thursday's trading session, as it tests the ¥168 level for support.
Gold markets experienced a sharp increase during Monday's trading session, rising to a fresh new high before giving back some of those gains.