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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Get the EUR/USD Forex signal for February 4, 2019 here.
The Euro initially tried to rally during the day on Friday but gave back quite a bit of the gains to form a shooting star just below the 1.15 level.
Bitcoin continues to struggle overall, but we did see a bit of positivity during the day on Friday.
The S&P 500 went back and forth after the jobs number came out on Friday, as the United States added over 300,000 jobs for the month of January.
The WTI Crude Oil market pulled back slightly during the trading session on Friday, but found enough support at the 50 day EMA, which of course is a major technical indicator.
The US dollar initially dipped a bit during the trading session on Friday, but after the jobs number rocketed higher to break above the ¥109 level handling and approach the ¥109.50 level.
Gold markets pulled back a little bit during the trading session on Friday, as the $1325 level has caused too much resistance.
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The Euro continued to grind sideways during the month of January, giving it absolutely no reason to think that the market is going to go anywhere in a substantial way anytime soon.
The US dollar has been rather noisy against the Japanese yen over the last several weeks, as we had plunged all the way down to the ¥105 level, before bouncing rather significantly in the “yen flash crash.”
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The US dollar has been consolidating against the Swiss franc in a major rising wedge over the last several months.
The British pound has been the shooting much higher against many other currencies around the world as there seems to be a delay in the Brexit coming.