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 EUR/USD pair was very noisy during trading on Friday, reaching down below the 1.16 level again, and bouncing from the previous symmetrical triangle.
Bitcoin continues to struggle overall, but we did see a nice recovery during the day on Friday.
The US dollar initially tried to rally against the Japanese yen during Friday’s trading, but a weaker than anticipated jobs number did no favors for the greenback.
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The S&P 500 initially fell during trading on Friday but bounced enough to rally towards the 2835 handle. I think there is a significant amount of resistance above though, especially near the 2850 level.
The WTI Crude Oil market initially fell during trading on Friday but found enough support near the $68 level to show its proclivity to stay within the consolidation area that we have seen over the last couple of weeks.
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The Euro fell rather hard during the trading session on Thursday, slicing through the 1.16 level, which is an area of short-term support and technically a break of the symmetrical triangle that I have on the chart.
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Bitcoin fell again during the trading session on Thursday, reaching below the $7500 level one point.
The US dollar fell initially during the trading session on Thursday but found support near the ¥111.25 level.
The WTI Crude Oil market has fallen initially during the day on Thursday, reaching towards the $67 level.
The S&P 500 initially fell during the trading session on Thursday, breaking down below the 2800 level before finding plenty of support near the 2790 handle
Gold prices fell $8.43 an ounce on Thursday, extending losses to a second session, as a strengthening dollar pressured the market and fueled downside momentum.
Get the NZD/USD Forex signal for August 2, 2018 here.