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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USDCAD: Weaker within a month-long price range
EURUSD: Bulls threaten pivotal point at 1.1225
The Euro rallied a bit during the trading session on Friday, breaking above the 1.12 handle.
The bitcoin market rallied a bit during the trading session on Friday, reaching towards the same resistance areas that we had seen previously.
The S&P 500 rallied a bit during the trading session on Friday but gave back all of the gains.
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The WTI Crude Oil market went back and forth during low volume trading on Friday.
The US dollar initially tried to rally during the trading session on Friday, but then fell towards the ¥109.30 level before it was all said and done.
Gold markets went back and forth during the trading session on Friday, as volume would have been an issue going into the major holiday weekend.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of May 26, 2019.
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.
The Canadian dollar initially tried to rally against the Japanese yen during the week but has pulled back rather significantly.