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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The EUR/USD pair broke down during the trading session on Friday, reaching down towards the 1.24 level before bouncing significantly.
Bitcoin traders sold off yet again during the trading session on Friday, as we continue to see massive selling.
The S&P 500 broke down significantly on Friday, losing over 2%. This was due to fears about interest rates rising, as the bond market has started to selloff.
The WTI Crude Oil market fell a bit during the trading session on Friday, breaking below the $65 level at one point.
The US dollar has rallied a bit during the trading session on Friday, after the stronger than anticipated jobs number.
Gold prices settled at $1332.58 an ounce on Friday, suffering a loss of 1.27% on the week, as the dollar edged up on a corrective bounce from recent strong downside pressure.
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The EUR/USD pair initially fell during the trading session on Thursday, but then broke higher, breaking above the 1.25 level.
Bitcoin traders sold off the crypto currency during the session on Thursday, slicing through the $10,000 level, and of course the 61.8% Fibonacci retracement level.
The S&P 500 went back and forth during the trading session on Thursday, which makes a lot of sense considering we are awaiting the jobs numbers today.
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Sign up to get the latest market updates and free signals directly to your inbox.The WTI Crude Oil market had a positive session on Thursday, as we broke above the $65 level again.
The US dollar has initially tried to rally during the day on Thursday but sold off later as traders would have squared up their positions ahead of the jobs number.
Gold prices ended Thursday’s session up $3.78 an ounce, extending gains from the previous session, as stock markets turned lower and the American dollar weakened.