The GBP/USD price has been on a strong momentum in the past few days as demand for the pound rose.
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 BTC/USD retreated during the American session as risky assets sold-off.
The USD/CAD has exhibited another slide lower as its bearish momentum extends its strength and makes speculators engage long-term technical charts.
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The USD/BRL has been able to puncture important mid-term support levels as the Forex pair has begun to correlate with other major currencies.
The bulls succeeded in pushing the gold price to the resistance level of $1843 by the end of last week's trading, a 3-month high, and settled at the beginning of this week's trading around $1830.
The GBP/USD pair moved towards the 1.4025 resistance level at the beginning this week's session, the highest for the pair in two-and-a-half months.
After two weeks of correcting upwards, the USD/JPY's gains were capped by a move towards the 109.70 resistance, the highest in a month.
In a sudden development at the end of last week's trading, the EUR/USD moved strongly to the resistance level of 1.2172 where it closed the week’s trading.
The DAX Index rallied during the trading session on Friday as we continue to recover from the massive dip that we had earlier in the week.
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The West Texas Intermediate Crude Oil market fell a bit during the trading session on Friday only to turn around and rally quite significantly.
The S&P 500 broke higher during the trading session on Friday as the jobs report missed horribly.
The NASDAQ 100 went higher during the trading session on Friday, as the jobs number came out much worse than anticipated.
The FTSE 100 had a very good Friday to close out the week, closing at the top of the range for the session as the momentum continues.
The Bitcoin market saw bullish pressure during the trading session on Friday to end the week, as the jobs number came out at just 266,000 jobs added for the month of April, much lower than the consensus of 1 million.
Gold markets rallied a bit during the trading session on Friday to reach towards the $1850 level before pulling back a bit in reaction to the jobs figure that was so poor.