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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Before the announcement of the growth rate of the British economy, the price of the GBP/USD currency pair is settling around the resistance level 1.1625.
The USD/BRL finished trading last week near the price of 5.1470, which is a short term lower price range.
The GBP/USD has rallied a bit during the trading session on Friday as the 1.15 level has offered a significant amount of support.
At the end of last week's trading, gold prices rose XAU/USD, as the US dollar retreated from the highest level in 20 years.
The S&P 500 has broken above the 50-Day EMA during the trading session on Friday as we continue to see a lot of strength in the recovery rally.
The NASDAQ 100 has rallied again during the trading session on Friday as the US dollar started to lose strength.
The Ethereum market rallied quite nicely on Friday to break above the $1700 level. By doing so, it suggests that we may continue to consolidate in the short term.
The BTC/USD market has rallied rather significantly during the trading session on Friday as the US dollar gets hammered.
The USD/JPY opened slightly lower this morning and sank to a low of nearly 142.325 early, but has climbed upwards incrementally since.
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The long-term bearish trend in this currency pair remains valid, but relative strength in the Euro has continued as the Dollar weakens slightly or consolidates.
The WTI Crude Oil market rallied rather hard during the trading session on Friday, as we continue to see a lot of volatility overall.
The USD/JPY has pulled back a bit during the trading session on Friday to show signs of hesitation against the Japanese yen.
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The gold market did rally during the trading session on Friday, but it also gave up about half of its gains as we continue to see downward pressure.
The EUR/USD did rally a bit during the trading session on Friday, but also gave back quite a bit of the gains to show just how weak this market is.