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.
Forex Daily Forecast, Analysis and Prediction
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Forex Daily Forecast, Analysis and Prediction
The Euro has seen a bit of a resurgence lately, as we may have had a bit of a bottom when it comes to the EUR/JPY pair, and we also have the EUR/USD pair trying to break to the upside as well, which of course is the overall benchmark for Euro strength.
The Australian dollar had a very strong close to the month, breaking above the 0.70 level.
USDCAD: Bullish retracement from new 4-month low
USDCHF Analysis: Bullish gap up
GBPUSD: Pound flat against resurgent Dollar
EURUSD: Bearish retracement from 3-month high price continues
The Euro went back and forth during the trading session on Friday as we continue to dance around the 200 day EMA.
Bitcoin rallied significantly during the trading session on Friday, gaining roughly 15% by the time the market started to close.
The US dollar initially tried to rally against the South African Rand but gave back the gains as we are now definitively below the 200 day EMA.
The US dollar has fallen a bit during the trading session initially on Friday only to turn around of form a bit of a hammer.
The WTI Crude Oil market fell hard later in the day, filling the gap that was marked on the daily chart and finding buyers near the 50 day EMA.
Gold markets tried to rally during the day on Friday but ended up forming a major shooting star.
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