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 S&P 500 initially tried to rally on Friday but gave back the gains to fall yet again.
The NASDAQ 100 initially tried to rally on Friday but gave back gains to form a very negative candlestick.
Gold markets were choppy again on Friday as options expiration may have been a bit of a factor.
The FTSE 100 initially tried to rally on Friday but gave back the early gains to form a bit of an inverted hammer.
The euro initially tried to rally on Friday but gave back the gains to show a less-than-desirable finish for the week.
The Canadian dollar has underperformed as of late, despite the fact that we have seen stable oil prices.
The British pound initially tried to go higher on Friday, breaking above a significant downtrend.
The Bitcoin market was relatively quiet during the Friday session as we continue to hang around the 50-day moving average.
The Australian dollar initially tried to rally on Friday but gave back the gains rather rapidly.
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The key support at $43,836 is looking very significant.
Today’s pivotal point will likely be at 1.3808.
The EUR/USD pair is at a key support level ahead of the key US Consumer Price Index (CPI) data and as the Eurozone economic rebound accelerates.
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Sign up to get the latest market updates and free signals directly to your inbox.The AUD/USD price remained under pressure in early trading as Australia continued making progress in handling the new COVID wave.
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