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 S&P 500 gapped lower to kick off the trading session in the futures market on Friday but then turned around to fill that gap.
Euro trading was rather negative over the last couple of weeks but turned around on Friday to show signs of life at the 1.05 level.
The AUD/USD pair's downward trend continued on Monday morning as investors repositioned for the upcoming interest rate decisions by the Reserve Bank of Australia (RBA) and the Federal Reserve.
The EUR/USD pair is crawling back as investors rush to buy the dip following the spectacular decline in April.
The BTC/USD pair remained in a tight range slightly below the important support of 40,000 even as gas prices jumped.
Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of May 2, 2022.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 2, 2022 here.
The USD/INR ended the month of April holding onto bullish gains made in choppy conditions, and as May begins traders of the Indian Rupee will face challenging tests.
Start the week of May 2, 2022 with our Forex forecast focusing on major currency pairs here.
Ethereum: Test of Lows Likely to Attract Speculative Wagers
Cardano: April Slump Now Testing Mid-Term Troublesome Lows
Ripple: Strong Trend Lower Hitting Vital New Mid-Term Depths
Bitcoin: Return of Bearish Trend and Suspicion of Next Move
The Euro has had a very rough month of April, and the way we are closing out the month suggests that we may have further negativity ahead.
The S&P 500 has had a very rough month of April, as have all stock markets around the world.