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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By the end of last week, the price of an ounce of gold reached a resistance level of $ 1453, the highest level in six years, due to increasing pressure on the US dollar, which has an inverse relation with the yellow metal.
For the second day in a row, the USD / JPY pair is trying to recover its recent losses, which reached 107.20 support, its lowest level for almost a month, settling around 108.05 at the time of writing.
Silver: Bullish new 1-year highs
NZDUSD: Bullish new 3-month highs
AUDUSD: Bears testing supportive area
USDJPY: Bearish below 108.02
Bitcoin: Stabilizing around $10,000?
The NASDAQ hundred initially tried to rally during the trading session on Friday, but then turned around to fall towards the large, round, psychologically significant figure of the 7900 level.
The British pound pulled back a bit during the trading session on Friday to reach towards the psychologically and structurally important 1.25 level.
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The Euro fell during the trading session on Friday, perhaps carving out a significant trading ranges again.
The US dollar bounced a bit during the trading session on Friday to recover against the Japanese yen, showing signs of life again.
The WTI Crude Oil market initially tried to rally during the trading session on Friday, but then rolled over to show signs of exhaustion again, reaching down to the $55 level.
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Natural gas markets have fallen a bit during the trading session on Friday, which makes perfect sense considering that we had a couple of possibilities to push the market higher than both failed.
USDCAD: Ranging above 1.3020