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.
Most Recent
Natural gas markets have rolled over just a bit during the trading session on Friday, breaking below the $2.40 level.
USDJPY: Weakly bearish but key support close
The Australian dollar has initially tried to rally during the trading session on Friday but gave back the gains as the US job number came out much more resilient than anticipated.
Litecoin is facing a minor existential crisis after the hashrate crashed to a 2019 low, following price action in the LTC/USD to the downside after the 2019 halving event.
Bitcoin: Weakly bullish above $7,414
GBPUSD: Bullish above 1.3150
Gold markets initially tried to rally during the trading session on Friday but then got hammered after the jobs number came out much stronger than anticipated.
Friday’s unexpected strong NFP report out of the US boosted the US Dollar versus the Turkish Lira, but this move may be a short-term event.
Economic data released out of China showed a contraction in exports, confirming the global economic slowdown is ongoing; the rise in imports suggests a stronger domestic economy.
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Following the release of Chinese trade data, German trade data showed a surprise increase in exports despite the disappointing industrial production data released.
EURUSD: Weakly bullish with 1.1068 pivotal
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The British pound has had a productive week, breaking towards the upside quite significantly, slicing above the top of the overall consolidation that we had been in for a couple of months.
Global uncertainty is on the rise; ranging from the UK election next week and the impact it may have on Brexit, to the stalled US-China phase-one trade deal and fresh tariffs