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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Supported by short-term ascending trend line.
The AUD/USD pair continued rising as commodity prices bounced back.
Gold rallied a bit during the trading session on Tuesday as it looks like we are going to continue to try to take off to the upside.
The USD/TRY pair rose during early Monday trading, marking its third consecutive day of gains while remaining within a limited range below last month's peak.
At the end of last week's trading, the price of the USD/JPY currency pair unexpectedly declined to the support level of 150.82 after strong gains earlier in the week, which had reached the resistance level of 151.95.
The British pound continued to decline to below $1.26, as a strong US jobs report raised expectations that the Federal Reserve will deliver fewer rate cuts this year compared to the Bank of England.
By the end of last week's trading, the EUR/USD currency pair declined below the support level of 1.0800, with losses extending to the 1.0791 support level.
At the end of trading last week, gold futures rose to a new record high and thus gained a new bullish trading week.
The US dollar has rallied rather significantly against the Canadian dollar during the trading session on Friday.
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The NASDAQ 100 has rallied significantly during the trading session on Friday.
The Euro initially fell during the trading session on Friday, slicing through the 200 day EMA before turning around and rallying again, all things being equal.
The euro initially rally during the trading session on Friday.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar initially plunged during trading on Friday, as we saw a lot of concern heading into the jobs number.
Crude oil markets initially pulled back just a bit during the trading session on Friday.
The British pound initially pulled back just a bit during the course of the trading session on Friday.