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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Australia is suffering from a series of economic issues, with the bush fire crisis adding to an uncertain economic outlook
GBP/USD: Bearish trend line is suppressing the price
EURUSD: Weakly bearish below 1.1110
The EUR/USD attempts for a bullish correction during last week's trading did not achieve gains above the 1.1172 level, and with the European currency not getting more catalysts
The GBP/USD pair collapsed quickly to the vicinity of the 1.3000 psychological support in light of strong sales of the pair after a series of negative results for U.K economic releases,
The yellow metal ignored the strength of the US dollar amid purchases that pushed the price of gold towards the $1561 level an ounce.
For the second week in a row, the price of the USD/JPY pair continues its bullish correction, and gains were crowned by moving towards the 110.28 resistance
The S&P 500 has rallied a bit during the trading session on Friday, to close out the week on a positive foot.
Natural gas markets have broken down significantly during the trading session on Friday, peeking through the $2.00 level.
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The West Texas Intermediate Crude Oil market did very little during the trading session on Friday as traders began to think about the three day weekend in the United States.
The NASDAQ 100 has rallied a bit during the trading session on Friday, as we continue to make fresh, new highs.
USD/JPY: Bullish Breakout Beyond 110.00 in Doubt
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Sign up to get the latest market updates and free signals directly to your inbox.As the global economy continues to cool, many central banks implement interest rate cuts, hoping to assist the slowdown.
While Japanese economic data continues to disappoint, the Japanese Yen may rally on the back of safe-haven demand amid a weaker than the priced-in global economy.
Battle lines are being drawn by the EU and the UK, pointing to intense trade negotiations during the Brexit transition period.