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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USDCAD: Consolidation between 1.3251 and 1.3345
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EURUSD: Consolidation likely between 1.1117 and 1.1162
The Australian dollar went back and forth during the trading session on Friday, as the Chinese levied retaliatory tariffs against the Americans again.
Bitcoin rallied a bit during the trading session on Friday as we continued to see a bit of a runaway from a fiat currencies in general.
The Euro rallied quite nicely during the Wall Street trading session on Friday after initially pulling back.
The British pound initially fell during Friday’s Wall Street session, as the 1.2250 level has offered a bit of resistance in the short term.
Natural gas markets went back and forth during the trading session on Friday, as we continued to see a lot of trouble with oversupply.
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The S&P 500 broke down rather significantly during trading on Friday, as the Chinese have reacted to the US tariffs finally.
The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.
The WTI markets have broken down significantly during the trading session on Friday, slicing through the $55 level.
Gold markets initially dipped a little bit during the trading session on Friday, reaching down towards the $1500 level.
The NASDAQ 100 got absolutely hammered during the trading session on Friday for several different reasons.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 26, 2019.