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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It was a strong bearish trading week for the performance of the EUR/USD currency pair.
The GBP/USD exchange rate was on its way to achieving triple losses when it fell below the 1.20 psychological support level to test important levels of technical support on the charts.
The clarity of the vision for the future of the Japanese central bank’s policy under new leadership and the increasing positive momentum for the US dollar are due to stronger-than-expected figures for the US economic sectors.
Gold futures ended the last trading week above $1,850 an ounce, but prices fell for the third consecutive week as the market prepares for an additional hike in US interest rates.
The NASDAQ 100 has fallen significantly during the trading session on Friday but seems to be finding support just below the trading session.
The GBP/USD price rose slightly on Friday as a relatively busy week in the market.
The Bitcoin market took off to the upside, showing signs of positivity yet again, and at this point it’s likely that we continue to see a lot of buying pressure underneath.
The EUR/USD price made a small hammer pattern even as more Federal Reserve officials sounded more hawkish.
The AUD/USD price remained under intense pressure as it crashed to the lowest level since January 6.
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Ethereum has rallied significantly on Friday, testing the top of the overall resistance barrier from the consolidation area that we had been in.
The USD/JPY is trading near the 134.000 level as of this writing with rather a fast price action in gear.
On Friday of last week, the USD/ZAR climbed above the 18.29000 level momentarily in the aftermath of the higher-than-expected inflation report from the U.S. via the Producer Price Index which was published on Thursday.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro has rallied slightly during the trading session on Friday, as we continue to see the Japanese yen get hit.
In my previous forecast for the USD/JPY currency pair, I wrote that the price would continue to rise towards ¥132.88 where bulls would face a stronger challenge.
The S&P 500 initially fell on Friday, but continues to find buyers on dips as we continue to see plenty of narratives spun around the world.