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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Gold prices plunged by $90 during last Friday's trading session, a collapse from the $1660 resistance, its highest in seven years, to the %1563 support, before closing around the $1585 level.
Undoubtedly, the month of February was painful to the performance of the Pound against majority of other major currencies.
In the flaming last week of February, the EUR/USD pair returned upward with gains to the 1.1053 resistance.
Covid-19 related panic selling last week swept across the entire global financial system, cryptocurrencies included.
AUD/USD: AUD remains in danger of more falls
The US dollar broke down significantly during the trading session on Friday as fear continues to be a major driver of markets.
USD/JPY: Yen in market’s focus now
This is going to be one of the more difficult weekends for traders, as we will all be waiting around to see what type of headlines crossed the wires over the weekend.
The NASDAQ 100 has been all over the place during the trading session on Friday, as we are sitting at the 200 day EMA.
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The Euro has shot higher during the trading session on Friday, but then broke down a bit only to turn around and rally again.
The British pound broke down a bit during the trading session on Friday.
The Australian dollar has broken down during the trading session on Friday.
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BTC/USD: Supported at $8,375
The natural gas markets broke down a bit during the trading session again on Friday.