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.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6th, 2022 here.
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.
Gold markets have fallen a bit during the trading session on Thursday, but as you can see, have turned around to show signs of life again.
The DAX fell initially during the trading session on Thursday, breaking below the €13,100 level.
The USD/JPY has been somewhat back and forth during the trading session on Thursday against the Japanese yen, as we are waiting for the jobs number coming out of the United States.
The AUD/USD has fallen significantly during the trading session on Thursday as we continue to see a lot of negativities.
The EUR/USD has drifted a little bit during the trading session on Thursday as we continue to see a lot of negativities.
The British pound has broken down during the trading session, even though the Bank of England raised interest rates.
The BTC/USD market has risen slightly during the trading session on Thursday, as we are sitting on top of the 50-Day EMA.
The price of the Turkish lira stabilized.
The Dow Jones Industrial Average slipped down during its recent trading at the intraday levels, recording losses for the third consecutive session, by -1.55%.
Spot natural gas prices (CFDS ON NATURAL GAS) settled on a rise in early trading on Wednesday, to record slight daily losses until the moment of writing this report.
