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 US dollar fell a little bit during the trading session on Friday, which quite frankly is a big surprise considering that it was testing the 200 day EMA against the Japanese yen.
The S&P 500 initially fell during trading on Friday, as traders headed towards the weekend.
The natural gas markets went back and forth during the trading session on Friday, spurred by both technical and fundamental reasoning.
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The NASDAQ 100 has fallen a bit during the trading session but did find enough buyers later in the day to turn things around.
The Gold markets did very little during the day on Friday as we continue to hover around the 50 day EMA.
The Euro has rallied again during the trading session on Friday as we continue to see a bit of a reaction to the repo operations in the United States.
The British pound has a rough weekend ahead of it. Quite frankly, with the parliament in the United Kingdom voting on the Brexit deal that Boris Johnson has struck with the Europeans, it’s almost impossible to have a position on over the weekend.
Bitcoin markets initially tried to rally a bit during the day on Friday but continue to see the 200 day EMA bring out sellers.
The Australian dollar has rallied again during the day on Friday, as we continue to grind towards the crucial 0.69 level.
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While Bitcoin has dragged down the overall cryptocurrency market, Ripple managed to outperform as solid fundamental overcame peer pressure.
With US economic disappointments picking up in October and doubts about the US-China trade truce on the rise, the US Dollar has been pressured to the downside
The NASDAQ 100 has gone back and forth during the trading session on Thursday, trying to break above the 8000 level which of course has a significant amount of resistance at it.