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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Gold markets rallied initially during the session on Friday to try to break out of recent consolidation but saw a pullback as exhaustion came back into play.
There was more of a “risk on” attitude to the markets, and traders were looking to find a little bit of exposure to risk.
Bitcoin fluctuated during the rather quiet trading on Friday, as most traders were paying close attention to the jobs number more than anything else.
The DAX Index gapped higher to kick off the trading session on Friday, but then went back and forth to show signs of hesitation.
This is a market that continues to show hesitation, but overall, we are still very much in an uptrend and channel.
The AUD/USD was little changed in early trading as investors reflected on the latest US non-farm payrolls (NFP) and the upcoming Reserve Bank of Australia (RBA) interest rate decision.
The EUR/USD wavered during the Asian session ahead of a relatively low-volume day as the US celebrates Independence Day.
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The Euro has given up early gains during the trading session on Thursday as we continue to see more negative pressure on the Euro,
The S&P 500 continues to look very bullish, as we have power it higher during the trading session on Thursday, heading towards the Friday jobs number.
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Sign up to get the latest market updates and free signals directly to your inbox.The NASDAQ 100 has done very little during the trading session on Thursday, as we continue to see a lot of upward pressure overall, but perhaps we are taking a bit of a breather heading into the jobs number on Friday.
The British pound has fallen rather significantly during the course of the trading session on Thursday as we have made a “lower low”, and now it looks as if we are going to go looking towards 1.37 handle.
The West Texas Intermediate Crude Oil market has rallied again during the trading session on Thursday as we have broken above the $75 level initially.