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
USDCAD: Level at 1.3120 looks pivotal again
USDCHF Analysis: More bullish above 0.9900
GBPUSD: Weakly bearish below 1.2924
EURUSD: Today’s pivotal point likely to be 1.1131
Relative calm has returned to the cryptocurrency market following a strong rally induced by Bitcoin.
With the beginning of the week's trading, the European single currency, Euro, is up for an important date with the first official remarks by new ECB Governor Christine Lagarde
Mixed results from the official jobs report may support the continuation of the bullish correction for the GBP/USD this week as well
For three consecutive trading sessions, the price of gold moved up to the $1516 resistance, taking advantage of the pressure on the US dollar, which is inversely moving with the yellow metal.
The USD/JPY price did not celebrate its gains at the beginning of last week, which pushed it to the 109.28 resistance, its highest level in three months.
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The NASDAQ 100 rally during the trading session on Friday after the jobs never came out better than anticipated.
The WTI Crude Oil market rallied significantly during the trading session on Friday, especially later in the day, to break above the 50 day EMA.
The S&P 500 rallied significantly during the trading session on Friday, breaking above the 3050 level in a sign of extreme strength.
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Gold markets initially fell during the trading session on Friday as the jobs never came out stronger than anticipated but given enough time, we have seen the markets come back and end up forming a hammer.
NZDUSD: Strong resistance near 0.6500