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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GBPUSD: Bearish
EURUSD: Weakly bearish below 1.1110
The Euro has broken down a bit during the trading session on Friday, reaching towards the 50 day EMA.
The Euro pulled back a bit against the British pound initially during the day on Friday but then turned around to form a bit of a hammer.
The Australian dollar has gone back and forth during the trading session on Friday but ended up forming a negative candlestick as we continue to dance around the 200 day EMA
The US dollar went back and forth during the trading session on Friday as we had broken above the ¥110 level, but still are simply sitting around
The British pound shows signs of choppiness going into the Monday session after the Friday retail sales figures were so soft.
Gold markets have rallied a bit during the trading session on Friday, reaching towards the $1560 level.
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While the long-term outlook for this currency pair remains bearish, it is likely to be interrupted by smaller counter-trend moves.
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Sign up to get the latest market updates and free signals directly to your inbox.After this currency pair was able to bounce off of its descending 61.8 Fibonacci Retracement Fan Support Level, it managed to eclipse its short-term resistance zone.
Better than expected economic data out of China this morning provided a boost to the Australian Dollar, the leading Chinese Yuan proxy currency.
The Euro rallied a bit during the trading session on Thursday but then pulled back to form a shooting star.