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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We have entered a new bullish trading week for EUR / USD.
In light of the continuing pressures on the US dollar, the share USD/JPY, during last week’s trading, retreated to the support level of 108.57.
The GBP / USD currency pair succeeded in achieving strong gains that pushed it towards the 1.4233 resistance level, near its 2021 high.
The strong gains in the gold price stopped at the resistance level of 1890 dollars an ounce and stabilized at the beginning of this week's trading around the level of 1880 dollars an ounce.
Bitcoin just halved in value in less than one month.
The USD/BRL has once again proven it refuses to remain correlated to other major Forex pairs as a bullish reversal has taken hold.
The USD/MXN has continued to consolidate within its short term range, but curiously has also seen resistance levels move lower.
The USD/ZAR is testing lower values as its short-term resistance levels have incrementally decreased.
The USD/INR remains gripped within a bearish trend which continues to demonstrate rather durable resistance levels.
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The S&P 500 rallied a bit during the trading session on Friday only to turn around and sell off just below the 4200 level.
The DAX Index had a strong day on Friday to close out the week, as we gapped higher to kick off the session and then reached towards the crucial 15,500 level.
This is a market that should continue to find buyers on dips as we have been in an uptrend, and the 50-day EMA underneath has offered support.
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Sign up to get the latest market updates and free signals directly to your inbox.The West Texas Intermediate Crude Oil market rallied rather significantly during the trading session on Friday to show signs of resiliency.
The NASDAQ 100 rallied a bit during the trading session on Friday as the 50-day EMA has come into the picture.
The pair is not far from a new 2-year high price.