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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For three trading sessions in a row, the EUR/USD gains stop around the 1.1280 resistance level awaiting stronger catalysts to continue the bullish correction tone in order to breakout the bearish channel which still strongly stands.
Federal Reserve Chair, Jerome Powell, stressed again in his testimony to the US Congress on what he said before, that the US central bank is ready to cut interest rates
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On the gold’s daily chart, it seems clear that the stability of prices for four trading sessions respectively, with gains stopped around the $1427 resistance level, before settling around $1411 at the time of writing.
With the beginning of this week’s trading, the USD / JPY pair rebounded to the 108.98 resistance level, but with the US Federal Reserve's signs of nearing the US interest rate cut, the pair fell to the 107.85 level
Bitcoin: Possible long-term buying opportunity below $10,000
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The US dollar initially tried to rally during the trading session on Friday but then collapsed against the Japanese yen as the greenback got sold off against just about everything.
The British pound rallied significantly during the day on Friday, testing and breaking above the top of the shooting star from the Thursday session.
The Euro initially pulled back during the trading session on Friday but found enough buyers underneath the turn things around.
The S&P 500 rallied again during the day on Friday, reaching above the 3010 level to show even more strength.
The NASDAQ 100 rallied significantly during the trading session on Friday, testing the top of the shooting star from Thursday.
Bitcoin markets rallied a bit during the day on Friday to reach towards the psychologically and structurally important $12,000 level.