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.
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.
WTI Crude Oil went into the weekend near the 76.507 price having finished a seemingly speculative week with a slight flourish higher.
The EUR/USD finished near the 1.10165 mark going into the weekend.
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 April 30th, 2022 here.
The S&P 500 has rallied slightly during the Thursday trading session, with buyers stepping in, but the market appears to be heavy as the last couple of days have been negative.
The silver market has been back and forth during the Thursday trading session as we wait to see if momentum can take us higher.
The natural gas markets have been slightly lower during Thursday's trading session, with prices continuing to approach the $2.00 level.
Gold markets were indecisive during the trading session on Thursday, hanging around the $2000 level and consolidating after such a significant gain over the last few months.
The oil markets have been under significant pressure, with the West Texas Intermediate (WTI) and Brent markets both showing signs of negativity.
The USD/JPY opened stronger during the trading session on Thursday but failed to hold the gain, exhibiting signs of exhaustion.
The GBP/USD has rallied ever so slightly during the trading session on Thursday as we continue to see a lot of back and forth in the same area that we have been in.
The EUR/USD has seen some volatility during the trading session on Thursday, but it appears that the market is favoring the upside in the short term.
The GBP/JPY struggled to find its footing during Thursday's trading session, as the market remained choppy and indecisive.
The AUD/USD bounced during Thursday's trading session, with the 0.66 level offering support previously.
