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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Since we are still trading in the midst of the range that we have been in for some time, silver was pretty quiet during the Friday trading session.
The BTC/USD pair moved sideways on Monday as traders waited for the next important news in the industry.
Friday's trading session saw a decline in the natural gas markets as there is still a lot of negativity.
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Over the past two trading sessions, crude oil has been a little erratic, retreating early in the Friday session.
British Pound is quietly showing long-term relative strength.
The price of bitcoin has been fluctuating about $52,000, and this past Friday, we saw a little more of the same.
The AUD/USD exchange rate was flat on Monday.
Short Content - Get the weekly Forex forecast for major currency pairs for the week of 26th February - 2th March, 2024 here.
WTI Crude Oil went into the weekend near the 76.550 price ratio.
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This coming week of trading in the EUR/USD is going to see volatility.
USD/CAD range-bound, Bitcoin tests key levels, USD/CHF seeks direction. USD/JPY at crucial juncture, DAX bullish, EUR/USD fluctuates.
The early hours of Thursday saw a decline in the price of natural gas as the penalty for the overabundance of this commodity continues.
The gold market found support at the $2,030 level, which also happens to be the point where the market collapsed following the unexpected CPI data last week.
As you can see, we have somewhat dropped value in the WTI crude oil grade while we keep circling the 200-day EMA.
The price of bitcoin slightly declined at the $52,000 mark, which is, of course, a level at which many people have been keeping a careful eye on it.