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 euro got hammered during the trading session on Friday as interest rates in the United States rallied quite significantly.
The West Texas Intermediate Crude Oil market fluctuated during the trading session on Friday as the US Labor Department released its Non-Farm Payroll numbers for the month of July, adding 943,000 to the employment rolls.
The S&P 500 rallied just a bit during the trading session on Friday, as we continue to see a lot of upward mobility in this market.
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The NASDAQ 100 pulled back a bit during the trading session on Friday as the interest rates in the United States spiked.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 9, 2021 here.
The CAC Index rallied significantly during the trading session on Friday as we continue to see luxury goods do quite well due to the rich becoming richer during the pandemic.
Bitcoin had a strong session on Friday, clearing the $42,000 level and finally putting to bed questions as to whether or not it can break out of this consolidation area.
Gold markets got crushed during the Friday session on higher yields coming out the United States as 943,000 jobs were added to the payrolls during July.
The market is going to continue to see the overall downtrend play itself out against the Aussie, as we are testing the 0.7350 level.
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The FTSE 100 Index fluctuated during the trading session on Friday as we saw a lot of choppy behavior in general.
The EUR/USD pair declined to an important support level as the US dollar bounced back following the strong non-farm payrolls numbers.
The GBP/USD tilted lower after the strong US employment numbers that were published on Friday.
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The AUD/USD pair held steady near the lowest level last week after the strong US jobs numbers and as Australia continued dealing with the new uptick of cases.
The BTC/USD staged a remarkable recovery during the weekend as demand for the coin held steady.
Start the week of August 9, 2021 with our Forex forecast focusing on major currency pairs here.