The euro started out the session on Friday at the 50-day EMA, but then turned around to break down rather significantly and slice through the 1.16 level.
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 EUR/USD pair is struggling as the market reflected on the relatively strong American inflation data published on Friday.
The AUD/USD remained started the month calmly as investors reacted to the relatively weak Chinese manufacturing data.
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The GBP/USD made a major bearish breakout on Friday after the US published strong inflation and consumer spending data.
ADA/USD appears ready to begin November trading with a rather perplexing bearish trend continuing to be demonstrated.
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XRP/USD produced rather efficient percent changes for traders in October, but the cryptocurrency continues to languish within its mid-term range.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 1, 2021 here.
SHIB/USD is the new darling for the speculative world of cryptocurrency, having gained an astounding percentage change in value the past month.
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Bitcoin appears ready to enter November having completely turned its trading sentiment around with an exuberant optimistic trading landscape dominating.
ETH/USD appears ready to begin the month of November near all-time prices as it closes out October with its bullish trend displaying strong capabilities.
DOGE/USD produced a sudden wicked rocket ride higher on the 28th of October while escaping its bearish price range, but then the cryptocurrency sold off again.
October proved to be a very bullish month for WTI Crude Oil as the 80.00 USD level was penetrated and sustained.
Gold will enter November having produced some upwards momentum in the month of October, but pursuing the trend of the precious metal has not been without trouble.
The S&P 500 had a very strong month in October, bouncing from a major uptrend line.