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 euro initially rallied during the trading session on Friday but found trouble near the 1.2150 level to turn things around and start dropping again.
The British pound rallied rather significantly during the trading session on Friday to break above the 1.40 level as gilts started to offer much more in the way of yields.
The West Texas Intermediate Crude Oil market has fallen again during the trading session on Friday as it appears that Texas energy companies are going to be coming back online.
The NASDAQ 100 initially tried to rally during the trading session on Friday but gave back the gains to form a less than impressive candlestick.
The S&P 500 initially tried to rally during the trading session on Friday but then gave back the gains to form a shooting star-shaped candlestick.
The Australian dollar has been very bullish during the trading session on Friday, breaking above the massive 0.78 resistance level which has been such a problem for some time.
Gold markets fluctuated during the course of the trading session on Thursday as we have heard a lot of noise just above the crucial $1750 support level.
The Bitcoin market initially pulled back a bit during the trading session only to turn around and show further buying pressure.
The DAX index reached towards the 14,000 level during the trading session on Friday but then gave back some of the gains in order to form a less than enthusiastic candlestick.
Bonuses & Promotions
The FTSE 100 initially tried to rally during the trading session on Friday but then fell back from the 6600 level to finally fill the gap that I mentioned yesterday.
The BTC/USD price pulled back after it reached an all-time high of $58,380.
The EUR/USD is little changed as traders digest the recent EU and US economic numbers and look forward to the ongoing stimulus talks.
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Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD pulled back on Monday morning as traders digested the latest flash Purchasing Managers Index (PMI) and the upcoming stimulus in the US.
The AUD/USD erased some of the gains made on Friday as Australia started its vaccination roll-out.
Start the week of February 21, 2021 with our Forex forecast focusing on major currency pairs here.