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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Start the new trading week of September 23, 2019 prepared with our Forex forecast for major currency pairs here!
The Euro went back and forth during the trading session on Thursday, initially trying to rally but gave back most of the gains to form a very ugly looking candle stick.
The NASDAQ 100 continues to go back and forth during the trading session on Thursday and there’s no relief in sight.
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The Australian dollar fell rather hard during the trading session on Thursday, slamming into the 0.68 level as we had a little bit of a “risk off” scenario.
The US dollar fell during the trading session against the Japanese yen on Thursday as we had finally got a bit of an answer to the question of whether or not the 50% Fibonacci retracement level would cause problems.
The S&P 500 is likely to flop around during the trading session on Friday, as it is what is known as a “quadruple witching day”, meaning that for different assets have options that are expiring.
The British pound has enjoyed a nice rally over the last several weeks, breaking above the 1.25 level during the trading session on Thursday.
The West Texas Intermediate Crude Oil market initially tried to rally during the trading session on Thursday but failed and gave up all of the gains.
Natural gas markets tanked a bit during the trading session on Thursday after a bearish inventory number came out.
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Bitcoin markets fell a bit during the trading session on Thursday but have recovered towards the end of the day.
Gold markets drifted a little bit lower to kick off the trading session on Thursday but then rallied again to continue to show the $1500 level as being crucial.
After the breakdown below its horizontal resistance zone, the uptrend in the EUR/JPY is collapsing.
Upside in the GBP/NZD has been exhausted as bulls have pushed this currency pair close to the 2.00000 level.
Selling pressure in the USD/CHF has increased as a risk-off sentiment is accompanying the end of the trading week.
The Australian Dollar came under selling pressure as trade fears between the US and China have surfaced once again.