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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According to recent trading, the exchange rate of the pound sterling against the dollar (GBPUSD) could be on its way to stopping a series of weekly losses
During last week's trading, the price of the US dollar against the Japanese yen (USD/JPY) was closest to testing the psychological resistance of 150.00.
At the end of last week's trading, gold futures continued their losses after announcing a rise in the US inflation measure favored by the Federal Reserve for the second month in a row.
The price of the Turkish Lira varied against the US dollar during the opening of this week, as the pair stabilized near its highest levels ever.
The S&P 500 initially tried to rally during the trading session on Friday, as traders probably were anticipating the “end of month market.”
Silver initially shot higher during the trading session on Friday but has since been crushed as it looks like the US dollar is going to kill everything.
In Friday's trading session, natural gas markets embarked on an early rally, only to encounter significant resistance near the $3.00 mark.
In Friday's trading session, the gold market displayed a back-and-forth movement.
The EUR/USD displayed a modest resurgence during Friday's trading session, igniting hopes of a potential recovery.
Bonuses & Promotions
The past few days of trading in the USD/ZAR have correlated to the broad Forex market with a sea of volatility affecting the currency pair as financial houses balance their outlooks.
USD/MXN speculators will face a difficult decision if they want to pursue the currency pair today, this after recent volatility has placed it in a dangerous short-term range.
Nasdaq Forecast: There is a lot of noisy behavior just waiting to happen, therefore the month of October will probably continue to be very volatile.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 has had a very rough month of September but found itself supported at the 50-Week EMA.
The latest trading session on Friday was difficult for the British pound, as its initial gains were rapidly lost.
The GBP/JPY displayed a modest rally against the Japanese yen in Friday's trading session, marked by a breakthrough of the 50-Day Exponential Moving Average (EMA).