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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With the EUR/USD attempts during last week's trading to overcome the 1.1100 resistance and find the necessary momentum to confirm the strength of the bullish correction, it was normal that the decline quickly returned to the 1.1014 support, where the pair closed the week's trading around.
The strength of the US dollar has returned again, and therefore, the GBP/USD price dropped to the 1.2822 support during last Friday's trading session, ending all its recent gains that hit the 1.2985 resistance.
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There is a variation of the reports around the possibility of signing the “Phase 1” agreement between the U.S and China, between the nearing of the signingو the threat of an escalation, and the return to negotiations until further notice.
Expectations continue to strongly indicate continued weakness in the pair's performance in the coming days.
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The US dollar initially pulled back a bit against the Japanese yen during the trading session on Friday, but then found support underneath to turn things back around
The Euro continues to try to break down through the 1.10 level, as the market has shown itself to be extraordinarily negative.
The S&P 500 has initially fallen during the trading session on Friday, but then turned around to show signs of life as the 3100 level has offered support.
The British pound got hammered during the Friday session, but quite frankly when you look at the longer-term aspect of trading here,
The NASDAQ 100 went back and forth during the course of the session on Friday, as we are trying to figure out where to go next.
The Australian dollar initially tried to rally during the trading session on Friday but gave back the gains in order to form a bit of a shooting star shaped candlestick.