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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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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The British pound initially tried to rally during the trading session on Thursday but rolled over as the US jobs number came out much better than anticipated.
The S&P 500 rallied a bit during the trading session on Thursday after the jobs number came out much better than anticipated.
The NASDAQ 100 has rallied quite significantly during the trading session on Thursday as the jobs number came out better than anticipated.
The US dollar rallied a bit during the trading session on Thursday as the market is to find the ¥107.50 level as a bit of a magnet for price.
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The Australian dollar has rallied a bit during the trading session on Thursday, but as you can see, we have failed to continue to go much higher.
The Euro has rallied pretty significantly during the trading session on Thursday but then rolled over to show signs of exhaustion yet again.
The silver markets dropped a bit during the trading session in early hours Globex trading on Thursday, as traders waited for the jobs figure to come out of the United States.
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Looking at the West Texas Intermediate Crude Oil market, you can see that we have rallied ever so slightly but at the end of the day we are still very much in the same range that we have been in
The gold markets initially fell during the Globex session on Thursday but found a solid wall of support at the $1765 level.