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 USD/TRY pair has maintained its stability at the same levels it closed at last week.
The USD/JPY exchange rate declined amid a broader weakening of the US dollar and increased talk of intervention in the forex market by Japanese authorities.
At the end of last week, the GBP/USD attempted to rebound, but its gains did not exceed the 1.2998 level, and it is currently stabilizing near the support level of 1.2940 at the beginning of an important week, near its three-month low.
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A week before Fed officials meet to consider the appropriate pace of US interest rate cuts, three major reports are set to show underlying resilience in the US economy and a temporary slowdown in job growth.
At the start of this important trading week, the price of gold fell below $2,730 per ounce, pressured by a decline in the appeal of safe-haven assets after military strikes over the weekend were less severe than anticipated.
The DAX initially pulled back just a bit during the early hours on Friday, but you've seen that it has turned around the show signs of life.
The Spanish index during the trading session on Friday was pretty noisy and choppy, but really at this point in time, I think we're just hanging around the 11,800 euro level to run out the clock heading into the weekend.
The S&P 500 rallied a bit during the trading session on Friday, but I would also be remiss if I didn't point out the fact that we gave back about half the gains rather quickly.
During the trading session on Friday, it's been a little back and forth in this pair as we continue to hang around the crucial 200-day EMA.
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Upon opening today the USD/MXN is trading above the 20.00000 level and is within sight of highs touched in the middle of last week.
The USD/ZAR hit a high of nearly 17.86300 on Wednesday after last week, but since touching this high the currency pair has returned to a known price range amidst a nervous global Forex market.
During my daily analysis of the USD/CHF pair, I have seen a certain amount of bullish pressure that I think continues to be of importance.
In my daily analysis of the NZD/USD pair, we have seen the New Zealand dollar drop below the crucial 0.60 level, only to turn around and show signs of life.
In my daily analysis of exotic currency pairs, the US dollar looks as if it continues to threaten the Chinese yuan, as the 7.15 level above is significant resistance.
The NASDAQ 100 continues to look pretty strong on Friday, as we are breaking the 20,500 level going into the weekend.