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 euro rallied rather significantly on Friday to wipe out all the losses from Thursday.
This currency pair is moving in a wide, evenly balanced consolidation between the support at 1.3617 and the resistance at 1.3759.
The weak US dollar is the main theme today.
The AUD/USD bounced back on Friday after the weak US employment numbers.
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The Euro has broken down below the 1.20 level during the trading session on Thursday, as it looks like we are going to continue to see a lot of volatility in this pair.
The S&P 500 initially pulled back just a bit during the trading session on Thursday but continues to push higher.
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The British pound initially fell during the trading session on Thursday in anticipation of the Bank of England interest rate decision and rate statement.
The NASDAQ 100 initially pulled back just a bit during the trading session on Thursday only to turn around and show signs of strength again.
The West Texas Intermediate Crude Oil market has pulled back during the trading session on Thursday to test the $55 level, an area that it broke out from in the last couple of days.
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The FTSE 100 initially rallied a bit during the trading session on Thursday but gave back the gains as the shooting star from the previous session continues to reassert its resistance.
The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains above the 0.76 level in order to fall towards the 50 day EMA yet again.