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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Crude oil markets embarked on a noteworthy rally during the day, only to give back gains.
The S&P 500 embarked on a substantial rally at the outset of Friday's trading session, fueled by Wall Street's delight in the prospect of the latest jobs report.
The GBP/USD showcased a substantial rally during the trading session, effortlessly surpassing the 1.23 level.
The USD/JPY was exposed to profit-taking selling operations that pushed it towards the support level of 149.18 before settling around the level of 149.55.
The USD/JPY faced a significant downturn during Friday's trading session, primarily driven by the release of a disappointing jobs report that fell short of expectations.
At the end of last week's trading, gold futures rose to close a volatile week that saw the Federal Reserve meeting and the US jobs report for October.
The GBP/JPY saw some initial retreat during Friday's trading session, but it swiftly changed course, surging upwards as it appears that risk appetite is making a comeback in the market.
The GBP recovered from its lows after the Governor of the BoE walked back expectations that the Bank would cut interest rates as early as the Q3 of 2024.
The silver market exhibited a robust bullish trend during Friday's trading session, making significant strides toward the 200-Day Exponential Moving Average.
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In the beginning of trading this week, the EUR/USD is stabilizing around 1.0735, awaiting any new developments.
The natural gas market exhibited a back-and-forth dance in Friday's trading session, firmly entrenched around the $3.50 level in the futures market.
The gold market showcased a robust rally in Friday's trading session, adding to the ongoing display of volatility and turbulence.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD surged higher during Friday's trading session, making a strong push towards the 200-Day Exponential Moving Average.
My previous BTC/USD signal on 30th October was not triggered as none of the key support or resistance levels were reached that day.
The GBP/USD exchange rate bounced back last week after the latest interest rate decisions by the latest Bank of England (BoE) and Federal Reserve decision.