The USD/TRY is testing high water marks as of this writing, and traders need to carefully consider their next speculative wagers.
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 NZD/USD has proven extremely volatile the past week of trading with a vicious bearish cycle taking hold.
The USD/ZAR has punched higher the past couple of days and short-term resistance levels have proven vulnerable.
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Speculators who have been pursuing bearish technical sentiment have likely suffered the past week-and-a-half of trading as the USD/INR has moved higher.
The West Texas Intermediate Crude Oil market initially pulled back during the trading session on Friday again, but just as we had seen on Thursday, buyers came back in near the $70 level to lift it.
The US dollar rallied rather significantly during the trading session on Friday as we continue to see the US dollar strengthen against multiple currencies around the world.
The FTSE 100 gapped lower to kick off the trading session on Friday, as we have seen a significant breakdown in a lot of risk assets.
The S&P 500 was hammered during the trading session on Friday after St. Louis Fed Gov. James Bullard suggested that perhaps the Federal Reserve would have to start raising rates late next year, much quicker than the “dot plot” suggested on Wednesday.
The NASDAQ 100 pulled back rather significantly during the trading session on Friday as we continue to see a lot of unease in the stock markets.
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The price has room to drop quickly if gets established below $30k area.
Momentum is likely to carry the price still lower.
The gold markets initially tried to rally during the trading session on Friday but gave back the gains rather quickly.
The Australian dollar fell a bit during the trading session on Friday as we continue to see the US dollar strengthened overall.
This is a market that has completely overreacted, as we have thrown a bit of a short-term tantrum.
The British pound got hammered during the trading session on Friday again as we continue to see a lot of negativity overall.