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 S&P 500 fluctuated during the trading session on Friday, testing the 50-day EMA and the uptrend line that I have drawn on the chart.
The NASDAQ 100 rallied a bit during the trading session on Friday as we have seen a previous sell-off because of so much havoc in the market.
The pair made a bullish breakout to new multi-month high prices.
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Bitcoin markets fell rather significantly again during the trading session on Friday, which is not a huge surprise considering that we had formed a couple of shooting stars around the $50,000 level.
The West Texas Intermediate Crude Oil market pulled back a bit during the day on Friday to end the week in a flurry of profit-taking.
The US dollar rallied again during the trading session on Friday, as the oil markets have finally started to show signs of cooling off a bit.
The British pound initially fell rather hard during the trading session on Friday but turned around to recover a bit in order to form a hammer-like candlestick.
The euro fell rather hard during the course of the trading session on Friday, as we have broken down below the 50-day EMA.
The AUD/USD is rising after the latest manufacturing data from Australia and China.
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The EUR/USD is bouncing back ahead of the important US and European Union Manufacturing PMI numbers.
Price above $50K will be a bullish sign if reached later.
The pound looks vulnerable to the advancing greenback.
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