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 NZD/USD rallied a bit during the trading session on Friday, as we try to stay within the consolidation area that we have been in for a while.
The EUR/USD initially tried to rally a bit during the trading session on Friday but has given back a bit of the gain to show signs of negativity, and then eventually went negative for the day.
My previous GBP/USD signal on 13th December produced a profitable short trade from the bearish rejection of the resistance level I identified at $1.2437.
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The EUR/USD price pulled back slightly after the latest interest rate decision by the Fed and European Central Bank (ECB).
The BTC/USD price remained under pressure during the weekend as the outlook for the crypto industry darkened.
The AUD/USD pulled back to the lowest level since December 7 as the divergence between the Federal Reserve and the RBA emerged last week.
This coming week of trading will start with the EUR/USD near the 1.05840 ratio having accomplished another incremental climb via technical charts.
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.
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West Texas Intermediate Crude Oil went into the weekend near a value of 74.59, which was a stronger close than the previous Friday when the commodity was around 71.67 at the end of the day.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of December 18th, 2022 here.
The West Texas Intermediate Crude Oil market has pulled back just a bit during the trading session on Thursday, to test the crucial $75 level.
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The AUD/USD has had a very rough Thursday session as we have found the market plunging down to the previous uptrend line of the overall channel.
Gold markets have fallen rather hard during the day on Thursday as the US dollar has had a strong session.
The EUR/USD rallied during a large portion of the day on Thursday after the ECB raised interest rates by 50 basis points.