The EUR/USD finished the week having made rather strong gains.
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
One month ago on the 10th of May the GBP/USD was trading near the 1.26780 vicinity, this before the Forex markets shook and the currency pair started to incrementally track lower.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 11th, 2022 here.
Top Regulated Brokers
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.
The USD/ZAR has fallen rather significantly over the last couple of weeks against the South African Rand, for we are approaching several technical indicators underneath that could offer a significant amount of support.
The USD/JPY experienced a slight pullback in Thursday's trading session, contributing to the ongoing noise observed in the market.
The S&P 500 index continues to encounter considerable noise and resistance around the 4300 level, which holds significant psychological importance and has previously acted as a barrier to further gains.
The GBP/JPY exhibited back-and-forth movements in Thursday's trading session as it built up pressure below the ¥175 level.
Bonuses & Promotions
The AUD/USD displayed further strength during Thursday's trading session, reaching the 0.67 level.
The trading session on Thursday saw the West Texas Intermediate (WTI) Crude Oil market and the Brent markets experience fluctuations and heightened volatility.
The EUR/USD has displayed a slight rally in Thursday's trading session, finding support once again at the 200-Day Exponential Moving Average (EMA).
The silver market experienced a significant rally during Thursday's trading session, with the focus now shifting toward the 50-Day Exponential Moving Average (EMA).
Gold markets continued their rally in Thursday's trading session, operating within a tight and well-defined range.
The GBP/USD demonstrated strength in Thursday's trading session, experiencing a rally.