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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Gold markets rallied during the trading session on Friday again, as the $1500 level continues offer a significant amount of support.
The West Texas Intermediate Crude Oil market has initially tried to rally during the trading session on Friday, but as we have seen more than once over the last couple of days, the sellers came back in and pushed lower.
Bitcoin markets fell during the trading session on Friday, as we continue to see a bit of weakness creep into this market.
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The natural gas markets went back and forth during the trading session on Friday, testing the significant $2.50 level.
The S&P 500 has gone back and forth during what is known as “quadruple witching” on Friday, which is the expiration of four different types of options.
Volatility in XRP/USD spiked following a sharp price increase which took this cryptocurrency pair from the top range of its support zone through its entire Fibonacci Retracement Fan sequence into its resistance zone.
USDCAD: Bullish consolidation between 1.3236 and 1.3308
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EURUSD: Swinging consolidation above 1.1000 area continues
The Canadian Dollar is faced with a rise in bearish momentum, partially due to the political uncertainty about the election outcome.
After the low level Chinese delegation cut its US trip short and cancelled planned visits to US farms, the mood surrounding a trade deal next month between the US and China to end the trade war soured.
Forex traders grew more bullish on the Euro after the ECB cuts its deposit facility rate to -0.50% and announced the re-start of quantitative easing on November 1st 2019 at a rate of €20 billion per month.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of September 23, 2019.
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