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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In the last trading session of last week, the bulls succeeded in moving the price of the EUR/USD currency pair, upwards, towards the 1.0973 resistance level
The bearish market for XAU/USD gold price pushed prices towards the support level of $1902 an ounce.
The recent selling of the USD/JPY currency pair increased its pace during last Friday's session, as it collapsed towards the support level of 142.06.
The GBP/USD exchange rate was significantly higher after a key US jobs report versus market expectations tempered expectations of a US rate hike by the Federal Reserve.
During Friday's trading session, silver price initially experienced a slight pullback but quickly turned around as the US jobs report revealed weaker-than-anticipated data.
During Friday's trading session, the AUD displayed a modest rally, coinciding with the release of the Non-Farm Payroll data, which fell slightly short of expectations.
In the latest trading session, the euro exhibited a substantial rally, fueling speculations of a potential return to the 1.10 level.
During Friday's trading session, the British pound initially experienced a slight pullback against the Japanese yen, potentially indicating a profit-taking move.
During the recent trading session, the British pound demonstrated a significant rally, primarily driven by the release of the Non-Farm Payroll report, which turned out to be lighter than expected.
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During Friday's trading session, the WTI and Brent crude oil markets experienced limited upward movement, as they remained broke the 50-Day EMA.
The natural gas market experienced limited movement during Friday's trading session, primarily testing the 50-Day Exponential Moving Average.
The S&P 500 experienced a slight retreat during Friday's trading session before displaying signs of recovery.
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During Friday's trading session, the US dollar experienced significant weakness, plunging below the crucial ¥142.50 level.
The Australian dollar jumped on Friday as the US dollar index slumped after the weak American jobs report.