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 NASDAQ hundred initially tried to rally during the trading session on Friday, but then turned around to fall towards the large, round, psychologically significant figure of the 7900 level.
The British pound pulled back a bit during the trading session on Friday to reach towards the psychologically and structurally important 1.25 level.
The Euro fell during the trading session on Friday, perhaps carving out a significant trading ranges again.
The US dollar bounced a bit during the trading session on Friday to recover against the Japanese yen, showing signs of life again.
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The WTI Crude Oil market initially tried to rally during the trading session on Friday, but then rolled over to show signs of exhaustion again, reaching down to the $55 level.
The Australian dollar has fallen a bit during the trading session on Friday, reaching down towards the 0.7050 level.
Natural gas markets have fallen a bit during the trading session on Friday, which makes perfect sense considering that we had a couple of possibilities to push the market higher than both failed.
GBPUSD: Modest recovery from last week’s 27-month low price