The GBP/USD tilted lower after the strong US employment numbers that were published on Friday.
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 AUD/USD pair held steady near the lowest level last week after the strong US jobs numbers and as Australia continued dealing with the new uptick of cases.
The BTC/USD staged a remarkable recovery during the weekend as demand for the coin held steady.
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Start the week of August 9, 2021 with our Forex forecast focusing on major currency pairs here.
Gold markets have fallen a bit during the course of the trading session on Thursday to dip down below the 200 day EMA, reaching down towards the $1800 level.
The FTSE 100 initially dropped a bit during the trading session on Thursday but continues to look above at the 7100 level as an area that could be crucial.
The S&P 500 has rallied to reach towards the 4420 level during the trading session on Thursday, as we are likely to try to break out to the upside.
The DAX initially pulled back ever so slightly during the trading session on Thursday but has seen quite a bit of buying pressure to push the market to the upside.
The NASDAQ 100 has rallied again during the trading session on Thursday, to break out to all-time highs.
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The West Texas Intermediate Crude Oil market has bounced ever so slightly during the trading session on Thursday, which is a good sign.
US dollar has fallen a bit against the Canadian dollar during the trading session on Thursday, to reach down towards the previous uptrend line.
Bitcoin has had a rather choppy and volatile session on Thursday, as we initially reach down towards the 50 day EMA only to find buyers in that area.
The Euro initially tried to rally on Thursday but gave back the gains as we continue to see a bit of a struggle when it comes to the upward momentum.
The British pound has rallied a bit during the course of the trading session on Thursday, bouncing from the 50 day EMA yet again.
The USD/ZAR price is attempting to rebound after it dropped to the lowest level in a month on Wednesday.