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 FTSE 100 gapped lower to kick off the trading session on Friday, as we have seen a significant breakdown in a lot of risk assets.
The S&P 500 was hammered during the trading session on Friday after St. Louis Fed Gov. James Bullard suggested that perhaps the Federal Reserve would have to start raising rates late next year, much quicker than the “dot plot” suggested on Wednesday.
The NASDAQ 100 pulled back rather significantly during the trading session on Friday as we continue to see a lot of unease in the stock markets.
The price has room to drop quickly if gets established below $30k area.
Momentum is likely to carry the price still lower.
The gold markets initially tried to rally during the trading session on Friday but gave back the gains rather quickly.
The Australian dollar fell a bit during the trading session on Friday as we continue to see the US dollar strengthened overall.
This is a market that has completely overreacted, as we have thrown a bit of a short-term tantrum.
The British pound got hammered during the trading session on Friday again as we continue to see a lot of negativity overall.
Bonuses & Promotions
The Bitcoin market broke down during the trading session on Friday again, as the market dropped below the 200-day EMA.
The AUD/USD pair is still under pressure after the Fed decision and after commodity prices continued to drop.
The EUR/USD pair remained under pressure on Monday as investors continued to react to the latest Federal Reserve decision and the spreading Delta variant.
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