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 NASDAQ 100 has fallen significantly during the trading session on Friday.
Gold markets got absolutely crushed to turn things around and look quite ugly.
Bitcoin initially tried to rally during the Friday session but gave back gains as we continue to see a lot of noisy behavior.
The euro had a very rough Friday, as we broke below the crucial 1.07 level.
The German DAX initially tried to rally a bit, only to turn around and show signs of weakness.
The GBP/USD pair continued its strong downward trend ahead of the upcoming UK jobs and inflation numbers.
Bitcoin price had a flash crash during the weekend.
The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
The GBP/USD which had been trading high on late Tuesday and seemed to be sustaining value on Wednesday, abruptly was walloped by stronger than anticipated U.S CPI.
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Higher than expected US inflation data and tension in the Middle East saw the US Dollar gain while stocks and most commodities fell.
Traders with open positions in WTI Crude Oil this weekend are likely paying attention to the news developing between Iran and Israel.
Get the weekly Forex forecast for major currency pairs for the week of April 15-19, 2024 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar initially pulled back just a bit during the trading session on Thursday, only to turn around and show signs of strength and break above the 1.37 level.
The British pound initially rally during the trading session on Thursday to reach the 200-Day EMA, but then turned around to show signs of negativity.
The Australian dollar spiked higher during the trading session on Thursday, reaching toward the 50-Day EMA.