On Friday's trading session, the S&P 500 experienced a significant decline, reflecting the ongoing negative sentiment in the stock market.
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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In Friday's trading session, the EUR/USD attempted to rally but quickly lost momentum, leading to a lot of negativities in the market.
Silver experienced a significant decline in Friday's trading session as investors turned to the US dollar ahead of the weekend.
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The Indian Nifty 50 has fallen a bit to break below the ₹17,500 level, but it is worth noting that we are still hanging around a previous pullback.
In Friday's trading session, the GBP/JPY fell to the 50-Day EMA, briefly dropping below the 200-Day EMA.
In Friday's trading session, the AUD/USD attempted to rally but ultimately fell significantly, showing continued weakness.
The EUR/USD exchange rate continued plunging after the red-hot American consumer inflation that pushed the dollar index to the highest point in two months.
Over the past few days, gold markets have experienced a considerable amount of negativity, with Friday's trading session being no exception.
Bitcoin and other risky assets like stocks plunged last week amid rising concerns about monetary policy.
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The AUD/USD price plunged to the lowest level since January 4 as bets of tighter monetary policy in the US rose.
During Friday's trading session, the West Texas Intermediate Crude Oil market experienced some volatility, causing it to dip slightly.
My previous GBP/USD signal on 22nd February produced a slightly profitable long trade from the bullish reversal at the support level which I had identified at $1.2071.
The difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which direction, and not on the exact methods you might use to determine trade entries and exits.
The GBP/USD went into the weekend around the 1.19390 ratios having experienced a rather strong exhibition of selling on Friday.
Speculators anticipating a sudden reversal higher in the EUR/USD last week saw no evidence of upwards buying action being able to take hold.