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 has fallen rather significantly during the trading session on Friday to plunge towards the 1.82 New Zealand dollar level.
This is one of my favorite pairs to trade because it is almost solely driven by risk appetite.
During the trading session on Friday, we have seen the Australian dollar pullback have been against the Japanese yen to reach towards the 98 yen level before bouncing later in the day.
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The US dollar initially tried to rally against the Norwegian krone on Friday, only to turn around and show signs of weakness.
The GBP/USD pair continued rising as the US dollar index retreat accelerated.
We are now below the 200-Day EMA, and therefore it’s likely that we will continue to see a little bit of negativity.
The EUR/USD pair continued its uptrend even after strong US retail sales and initial jobless claims numbers.
Bitcoin price drifted upwards during the weekend as the recent consolidation phase continued.
We continue to hang around the crucial 200-Day EMA, which of course is an indicator that a lot of people will pay close attention to.
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The AUD/USD exchange rate continued its strong rally even as key Australian commodities continued falling.
We are most certainly threatening the crucial $2500 level now, and it’s likely that we do eventually break above there.
The British pound has fallen a bit during the early hours, and the ¥190 level seems to be offering quite a bit of support.
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Perhaps the EUR/USD exchange rate will be perceived to have gained too much strength by some economists who question the positive momentum of the currency pair as the E.U still faces tough challenges with its economy.
CFD traders of WTI Crude Oil should pay strict attention to the market as it opens early on Monday.
Last week saw a recovery in risky assets, notably including stock market indices and Gold, following the release of unexpectedly low US inflation data, supported by falling inflation in other countries.