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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Start the week of February 1, 2021 with our Forex forecast focusing on major currency pairs here.
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The Euro has initially fallen during the trading session on Thursday only to turn around and show signs of life again.
The S&P 500 initially fell to kick off the trading session on Thursday but turned around to show signs of life at the 50 day EMA yet again.
The FTSE 100 fell initially during the trading session on Thursday but found enough support at the 6400 level to turn around to show signs of strength.
The British pound initially fell during the trading session on Thursday, reaching down towards the 1.36 level before turning around and rallying significantly.
The NASDAQ 100 did rallied significantly during the trading session but has given up quite a bit of the strength during the day.
The Australian dollar has pulled back significantly and turned around to show signs of support again, in the form of a hammer.
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The US dollar initially rallied against the Canadian dollar during trading on Thursday but has found resistance above the crucial 1.28 handle.
Gold markets initially tried to rally during the trading session on Thursday, but then ran into a bustle of resistance near the 50 day EMA.
Bitcoin markets fell to reach down towards the $30,000 level on Thursday but have turned around quite decisively to not only rally but close off the very high of the day.
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The USD/JPY pair jumped to the 104.20 resistance level after a downward stability around the 103.58 support level before the announcement of the Federal Reserve's monetary policy.
The US dollar recovered after the Federal Reserve announced its monetary policy decisions, which contributed to gold's decline to the $1832 level before stabilizing around $1845 at the beginning Thursday's session.