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.
Most Recent
Despite the decline in the price of the US dollar during the past week, the gains of the bullish retracement of the gold price (XAU/USD) did not exceed the level of 1761 dollars per ounce.
Amid the US dollar's decline against the other major currencies, the share of the GBP/USD was the strongest, as it recently jumped to the 1.2153 resistance level, its highest in three months.
Despite the short trading last week amid the extended US holiday, the EUR/USD currency pair remained to rebound upwards.
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, to achieve gains for the third consecutive day, by 0.45%.
Spot natural gas prices (CFDS ON NATURAL GAS) declined in early trading on Monday, to record new daily losses until the moment of writing this report, by -0.83%.
The NZD/USD currency pair has pulled back just a bit during the trading session on Friday, as we continue to hang around the 200-Day EMA.
The USD/BRL went into the weekend near its high water mark after trading had been completed, leaving traders with speculative considerations.
The S&P 500 Index has done very little during the trading session, showing signs of a little bit of negativity and hesitation near the 200-Day EMA.
The NASDAQ 100 Index has done very little during the trading session on Friday as most traders will have avoided trading altogether.
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The USD/ZAR continues to linger within the lower depths of its mid-term price range having accomplished a bearish trend the past four weeks.
The XAU/USD currency pair goes back and forth on Friday to show signs of hesitation yet again, as we are hanging around the 200-Day EMA.
The GBP/USD exchange rate rose to the highest level since Wednesday 17 as the US dollar continued retreating.
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The US dollar has bounced back a bit during the Friday session on thin volume against the Canadian dollar.
The BTC/USD price remained in consolidation during the weekend as demand for digital coins remained tight.