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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At the end of last week's trading, gold prices XAU/USD were subjected to strong selling operations with losses exceeding the support level of $1,934 per ounce.
The USD/TRY rose slightly during early trading on Monday morning, after the inflation data released this morning.
Silver demonstrated a robust rally during Friday's trading session, reaching the notable $25 region once again.
The GBP/USD embarked on an initial attempt at rallying during Friday's trading session, yet encountered considerable resistance from the 50-day Exponential Moving Average (EMA), thwarting its ascent.
The EUR/USD displayed initial signs of strength during Friday's trading session, yet the release of the jobs report ushered in a swift reversal, resulting in a breach below the critical 200-day Exponential Moving Average (EMA).
The West Texas Intermediate (WTI) Crude Oil market demonstrated resilience once again during Friday's trading session, coinciding with the release of the US jobs data.
Friday's trading session saw the GBP/USD encountering a minor decline, hovering around the ¥183 level.
After climbing to highs late last week, the USD/ZAR has reversed slightly lower in early trading this morning, but light volume could prove problematic.
The USD/MXN is trading near the 17.11085 mark as of this writing.
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The S&P 500 displayed a noticeable uptick during Friday's trading session, particularly following the release of the Non-Farm Payroll figures, which turned out to be more favorable in terms of inflation than anticipated.
Friday's trading session witnessed the US dollar's initial decline, potentially reflecting a precautionary stance in anticipation of the impending jobs report.
The AUD/USD kicked off Friday's trading session with a bid to rally yet grappled persistently with the formidable hurdle presented by the 0.65 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The natural gas market embarked on a curious trajectory as Friday's trading session unfolded—starting with a modest rise followed by a swift downturn.
Gold markets experienced a notable uptick during Friday's session following the release of the Non-Farm Payrolls report.
The EUR/USD retreated sharply after the US published mixed non-farm payrolls (NFP) data on Friday.