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.
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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.
This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
The USD/JPY has experienced a minor retreat in recent trading sessions, only to regain its strength and resume its upward trajectory.
The USD/MXN pair has been very negative for quite some time, as we now find the market testing the 17 pesos level.
The NASDAQ 100 rallied rather significantly during the month of June, and therefore it looks as if we are testing a major breakout.
In recent trading sessions, the British pound initially attempted to rally, only to relinquish its gains swiftly due to prevailing volatility.
The pound has shown signs of stabilization in Thursday's trading session, reaffirming its overall uptrend.
Silver experienced an initial plunge during Thursday's trading session, approaching the $22.50 level.
The trading session for crude oil markets on Thursday exhibited a relatively subdued tone as participants await the next major move.
Gold experienced a significant decline during Thursday's trading session but found support at the 200-Day Exponential Moving Average (EMA).
The NASDAQ 100 initially fell a bit during the trading session on Thursday but found buyers underneath you continue to at least stabilize.
The AUD/USD experienced a bounce at the 0.66 level, a previously supported area within a prolonged consolidation phase.
The EUR/USD initially attempted a rally during Thursday's trading session but faced significant downward pressure.
The natural gas market experienced a slight decline during Thursday's trading session, approaching the 50-Day Exponential Moving Average.
The S&P 500 has been bullish during most of the month of June, and it’s possible that we may have a little bit of a cooling period for the month of July
