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 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
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.
Tensions between the US and Iran at the start of 2020 allowed gold to spike above the psychological $1,600 level for the first time since the end of the first quarter in 2013.
AUDUSD: Bearish channel threatens 0.6870
Bitcoin: Still bullish above $8,552
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GBPUSD: Bearish
EURUSD: Weakly bearish below 1.1110
The Euro has broken down a bit during the trading session on Friday, reaching towards the 50 day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro pulled back a bit against the British pound initially during the day on Friday but then turned around to form a bit of a hammer.
The Australian dollar has gone back and forth during the trading session on Friday but ended up forming a negative candlestick as we continue to dance around the 200 day EMA
The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around