Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 23, 2021 here.
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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Start the week of August 22, 2021 with our Forex forecast focusing on major currency pairs here.
The West Texas Intermediate Crude Oil market has fallen rather drastically on Thursday, as we gapped lower and then reached below the $65 level.
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The US dollar has had a very strong session on Thursday as we have broken above the 1.28 level against the Canadian dollar.
The Parisian index gapped lower to kick off the trading session on Monday, as we are seen a massive amount of negative pressure on indices around the world.
The S&P 500 has fallen but as you can see the 50 day EMA has offered quite a bit of support, as well as the uptrend line that has been so important for so long.
The NASDAQ 100 has fallen a bit during the trading session on Thursday to reach down towards the 50 day EMA.
The gold markets have gone back and forth during the course of the trading session on Thursday, as the 50 day EMA above continues to offer a bit of resistance.
The Aussie dollar has fallen rather hard during the trading session again on Thursday as we continue to see money flow away from Asia, and into bonds in America.
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Bitcoin markets have rallied during the trading session on Thursday as we continue to look for some type of upward momentum to take on.
The Euro has broken down during the trading session on Thursday after initially trying to turn things around.
The British pound has broken down significantly during the trading session on Thursday to slice down through the 1.37 handle.
The bearish trend within the USD/EUR remains aggressive and speculators who insist on wagering against the downturn are likely not enjoying the results.
As of this morning gold is near the 1788.00 price and is within sight of rather interesting short term resistance levels.
No cryptocurrency trader should ever be surprised by the ability of Bitcoin to move a thousand dollars without a moment’s notice.