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 WTI Crude Oil market went back and forth during low volume trading on Friday.
The US dollar initially tried to rally during the trading session on Friday, but then fell towards the ¥109.30 level before it was all said and done.
Gold markets went back and forth during the trading session on Friday, as volume would have been an issue going into the major holiday weekend.
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The Canadian dollar initially tried to rally against the Japanese yen during the week but has pulled back rather significantly.
The Euro initially fell rather hard during the trading session on Thursday, reaching down to the 1.11 level before turning right back around to show signs of life again.
Bitcoin markets fell during most of the session on Thursday but did find buyers underneath to form a nice-looking hammer.
The WTI Crude Oil market fell rather hard during trading on Thursday, slicing through the uptrend line that of course has been so obvious.
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The S&P 500 broke down during the trading session on Thursday, slicing through the uptrend line that I have painted on the chart.
The US dollar fell rather hard against the Japanese yen during the trading session on Thursday, as there was a major “risk off” move around the world.
Gold markets rallied rather significantly during the trading session on Thursday, breaking above the 200 day EMA, reaching towards the $1285 level before finding plenty of selling.
The recent downward movement of the ounce of gold was consolidated after the release of the US Federal Reserve last meeting’s minutes
Despite the contents of the latest US Federal Reserve meeting showed the desire of some members of the Bank's policy committee to raise interest rates
On Thursday, May 23, 2019, the markets will focus on the release of economic calendar data, which usually result in changes in price movements.