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 AUD/USD shot straight up in the air during the trading session on Friday in reaction to the jobs number.
The USD/JPY has pulled back significantly during the trading session after the jobs number.
The USD/CAD has fallen rather hard during the trading session on Friday, as oil has taken off.
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The USD/ZAR has had a very rough trading session against commodity markets and commodity currencies during the trading session on Friday as we continue to see plenty of volatility in the Forex markets.
The US dollar has taken it on the chin during the trading session on Friday, and the New Zealand dollar was by far one of the strongest currencies against it.
The EUR/USD has rallied rather significantly during the trading session on Friday, as traders have looked at the jobs number and decided that the Federal Reserve was going to lose in monetary policy.
My previous signal on 12th October produced a slightly profitable long trade from the bullish hammer candlestick which rejected the support level which I had identified at $0.6250.
Speculators of the EUR/USD that enjoy volatility are getting plenty of price action delivered on a daily basis.
The GBP/USD has delivered another week of rather nasty volatile results for speculators who like to trade one of the world’s most famous currency pairs.
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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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The West Texas Intermediate Crude Oil market has fallen slightly during the trading session on Thursday, testing the 50-Day EMA.
The S&P 500 gap lowered to kick off the Thursday session, and then continued to fall.
The NASDAQ 100 gap lower to kick off the trading session on Thursday, showing a continuation of the negativity that we had seen recently.