This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
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 S&P 500 experienced an early plunge during Thursday's trading session, reflecting the prevailing concerns surrounding global growth prospects.
Silver markets initiated Thursday's trading session with a significant downward gap, signaling a prevailing negative sentiment.
Top Regulated Brokers
Natural gas markets have recently displayed a subtle retreat, characterized by a persistent pattern revolving around the 50-day Exponential Moving Average.
The EUR/USD experienced an initial sharp decline during Thursday's trading session, reflecting the persistent market noise and uncertainty.
The GBP/USD experienced a substantial decline during Thursday's trading session, driven by the Bank of England's unexpected decision to maintain its existing monetary policy stance.
During Thursday's trading session, the USD/JPY exhibited noticeable volatility.
Gold markets commenced Thursday's futures trading session with a significant downward gap, reflecting extremely bearish sentiment.
Crude oil markets experienced an initial dip during Thursday's trading session, only to rebound, signaling a resilience that underscores the ongoing upward pressure.
Bonuses & Promotions
In Thursday's trading session, the British pound faced a significant downturn against the Japanese yen, with the Bank of Japan's impending interest rate decision casting a shadow over the currency pair.
The AUD/USD has been under significant pressure in recent trading sessions, hitting a low of 0.64 against the US dollar.
In the pre-market futures session on Wednesday, the S&P 500 displayed a modest rally.
Silver encountered a minor pullback during Wednesday's trading session but subsequently exhibited signs of revival.
Although the American Federal Reserve kept the interest rates unchanged as expected, the price of the euro currency pair against the US dollar EUR/USD was exposed to stronger selling operations
There are many factors that contributed to further losses in the GBP/USD currency pair currently which fell to support 1.2304 at the time of writing.