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 (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.
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.
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.
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The EUR/USD retreated sharply after the US published mixed non-farm payrolls (NFP) data on Friday.
Bitcoin suffered a harsh reversal last week after a series of major ETF-related events.
The AUD/USD exchange rate tilted downwards on Monday as traders repositioned for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
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Sign up to get the latest market updates and free signals directly to your inbox.The growing consensus that the Fed is done with rate hikes due to US economic data beginning to show a more convincing economic cooling, risk assets are enjoying a rise, while relative strength in the US Dollar persists.
The EUR/USD went into this weekend once again testing new lows, and bullish traders who have been pursuing upwards momentum continue to be treated with tough conditions.
Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of September 3rd, 2023 here.