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 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
The British pound shows signs of choppiness going into the Monday session after the Friday retail sales figures were so soft.
Gold markets have rallied a bit during the trading session on Friday, reaching towards the $1560 level.
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While the long-term outlook for this currency pair remains bearish, it is likely to be interrupted by smaller counter-trend moves.
After this currency pair was able to bounce off of its descending 61.8 Fibonacci Retracement Fan Support Level, it managed to eclipse its short-term resistance zone.
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Better than expected economic data out of China this morning provided a boost to the Australian Dollar, the leading Chinese Yuan proxy currency.
The Euro rallied a bit during the trading session on Thursday but then pulled back to form a shooting star.
The British pound rallied against the US dollar during trading on Thursday, filling the gap from the Monday opening, and breaking through it.
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The NASDAQ 100 has rallied a bit during the trading session on Thursday, breaking above the 9100 level.
The Australian dollar has had a choppy trading session on Thursday, initially breaking above the recent highs to show signs of strength