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.
Most Recent
XRP/USD outperformed expectations in August as it achieved a high of nearly 1.35000 on the 15th after trading near a low slightly below 70 cents when the month started.
ETH/USD remains within the top tier of its mid-term range as it hovers below important resistance levels which attained a high on the 23rd of August.
$47,715 is likely to be today’s pivotal point.
DOGE/USD will enter September with speculative questions abounding for speculators after achieving highs in the middle of August.
The EUR/USD popped on Friday after the relatively dovish statement from Jerome Powell, the Federal Reserve chairman.
The AUD/USD price maintained the bullish trend in early trading after the statement by Jerome Powell on US monetary policy.
The DAX Index rallied a bit on Friday as we continue to see strength, but ultimately, we are simply trying to figure out whether or not we are going to finally launch.
Gold markets have been somewhat sideways during the month of August, but we did see a sudden selloff at the beginning of the month.
The US dollar has been rallying against emerging market currencies overall, at least over the last couple of months.
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The S&P 500 has continued to see a lot of bullish pressure over the longer term, as we have been moving forward in a perfect 45° angle.
The euro has been very choppy and slightly negative throughout August, and I think this sets it up for a relatively big move.
The NASDAQ 100 has been relatively flat most of the month of August, but towards the end we started to see a little bit of a breakout yet again.
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The NASDAQ 100 rallied quite significantly during the trading session again on Friday as Jerome Powell's comments at the Jackson Hole Virtual Symposium have come and gone.
The S&P 500 saw a lot of bullish pressure on Friday as we continue to see the market rally based on the Federal Reserve.