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 trading week, in which the bulls dominated the direction of the USD/JPY pair, ended with gains, crossing the resistance level of 137.70 and closing stable around the resistance of 137.50.
Gold futures snapped a three-session winning streak on Friday, despite a weaker dollar.
The losses of the GBP/USD pair during last week's trades were the strongest as they fell to the lowest support level of 1.1717 since the collapse of the markets at the height of the 2020 Corona epidemic.
The EUR/USD will decline significantly in 2022.
On the 19th of August the USD/MXN was trading near the 20.27000 ratio which essentially came within sight of resistance, with higher marks achieved in the first week of August.
The USD/ZAR is trading near the 17.00000 level as of this writing, as bullish speculation gets plenty of consideration.
The West Texas Intermediate Crude Oil market has gone back and forth during the day on Friday, showing signs of hesitation and confusion.
The GBP/USD initially tried to rally during the training session on Friday but gave back early gains as Jerome Powell made it abundantly clear that the Federal Reserve was going to remain very tight and continue to focus on inflation, not other economic indicators.
The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as traders got ready to hear the Jerome Powell speech coming out of Jackson Hole.
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The ETH/USD has fallen hard during the trading session on Friday, as Jerome Powell gave his Jackson Hole speech.
The BTC/USD has fallen during the trading session on Friday as we continue to see negativity in the Bitcoin market.
The USD/JPY rallied a bit during the trading session on Friday, especially after the Jerome Powell speech.
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Sign up to get the latest market updates and free signals directly to your inbox.The BTC/USD price continued slumping on Monday morning as the recent sell-off continued.
The AUD/USD initially tried to rally during the session on Friday but gave back gains as the market has been turned around.
The EUR/USD price continued its bearish trend after a series of hawkish statements by the European Central Bank (ECB) and Federal Reserve officials.