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 Euro rallied significantly during the course of the trading session on Friday as the 1.08 level continues to offer plenty of interest in this market.
The DAX initially fell during the trading session on Friday but turned around to show signs of life.
The Australian dollar has initially dipped during Friday trading.
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Bitcoin has initially fell during the trading session on Friday.
The EUR/USD exchange rate was flat on Monday morning in a low-volume environment since the US markets will be closed.
Bitcoin price remained in a tight range during the weekend as investors reflected on key events in the crypto, political, and macro environment.
The AUD/USD pair rose slightly after a report showed that hedge funds were trimming their short positions on the Aussie.
A relatively quiet week saw more hawkish rhetoric from the Fed on inflation, leading to a bid in the greenback, while the major technology Index the NASDAQ 100 closed at a new record high.
The GBP/USD closed trading for the week near 1.27345.
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Lower momentum continued into Tuesday and a price of 77.660 was tested.
Get the weekly Forex forecast for major currency pairs for the week of May 27-31, 2024 here.
The euro has gone back and forth against the British pound during the trading session on Thursday.
The US dollar initially pulled back just a bit during the trading session on Thursday, only to turn around and show signs of strength again against its Northern neighbor.
The Dax initially rallied a bit during the trading session on Thursday but gave back gains like most other indices around the world.
The S&P 500 went back and forth during the course of the trading session on Thursday as we continue to see a lot of nonsensical volatility.