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
The Dow Jones Industrial Average rose during its recent trading at the intraday levels, breaking a series of losses that continued for five consecutive sessions, achieving gains in the last of them by 2.15%.
Gold futures failed to join the general market rally at the end of last week's trading, as a slew of positive economic data lifted investor sentiment.
We expected the price of the USD/JPY currency pair to move towards the 140.00 psychological resistance as soon as the bulls breached the 137.75 resistance level.
The exchange rate of the GBP/USD fell further last week but with the dollar now facing technical resistance against the euro and the Swiss franc, the US dollar index may be in danger of running out of momentum.
During last week's trading, the price of the EUR/USD declined to trade around the support 0.9950, which is the lowest level in 20 years.
The S&P 500 initially pulled back a bit Friday but then turned around to break above the 3850 level.
The FTSE 100 initially pulled back a bit on Friday but then turned around to show signs of strength.
The German DAX Index rallied a bit Friday as we continue to pay close attention to the €12,500 level.
Gold markets went back and forth Friday as we continue to see a lot of noisy behavior.
Bonuses & Promotions
The NASDAQ 100 rallied ever slightly Friday, as it looks like we are going to threaten the 50-day EMA.
Bitcoin did very little Friday as we continue to just trade back and forth in a relatively well-defined range.
The Ethereum market continues to bounce around while it is looking for some type of directionality.
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The Australian dollar rallied significantly on Thursday, and it looks like the market is trying to save itself a little bit.
The euro took off Friday as we continue to see a lot of noise around the parity level.