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
South Africa continues to struggle with the Covid-19 pandemic and is on course to exceed 200,000 infections as soon as today, surpassing Germany and Turkey.
USD/JPY: Strong support at 107.36
BTC/USD: Well supported from $9,000 area
The US dollar did rally a little during the trading session on Friday as we had the Americans observing the Independence Day holiday on Friday, meaning that a lot of the liquidity simply was not there.
The West Texas Intermediate Crude Oil market did rally a little during the trading session on Friday, which makes sense considering that it was the observed Independence Day holiday.
The Euro fell initially during the trading session on Friday, reaching down towards the lows of the previous session on Thursday before bouncing.
The NASDAQ 100 could pull back a bit going into next week, but at the end of the day the reality is that we are very much in an uptrend.
The Australian dollar rallied a bit during the trading session on Friday and what could have been quiet trading due to the Americans observing Independence Day.
The British pound did little during the trading session on Friday, as we are dancing around the 50 day EMA.
Bonuses & Promotions
EUR/USD: Medium-term consolidation pattern persists
GBP/USD: Picture would be much more bullish above 1.2550
The Indian Rupee has seen a surge of USD/INR selling emerge the past two trading days and the currency pair finds itself within the realms of a very important support level.
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