Get our trading strategies with our monthly & weekly forecast of currency pairs worth watching using support & resistance for the week of October 25, 2021.
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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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 25, 2021 here.
The German index initially pulled back during the trading session on Thursday to reach down towards the previous downtrend line yet again.
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The IBEX has initially pulled back just a bit during the course of the trading session on Thursday but then turned around to show signs of life again.
The Bitcoin market has pulled back significantly during the trading session on Thursday, for the first time in what seems like a lifetime.
The S&P 500 has initially dipped lower during the trading session on Thursday, but then turned around to rally and form a hammer like candlestick.
The NASDAQ 100 has gone back and forth during the course of the trading session on Thursday, showing signs of trying to build up momentum to go to the upside.
The Euro has rallied a bit during the course of the trading session on Thursday, only to turn around and show hesitation.
The British pound has pulled back ever so slightly during the trading session on Thursday to show signs of consolidation.
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The gold markets have gone back and forth during the trading session on Thursday, as we slammed into the major downtrend line that I have drawn on the chart.
The Australian dollar has pulled back a bit during the trading session on Thursday, as the 0.75 level has offered a bit of resistance.
The West Texas Intermediate Crude Oil market has pulled back quite a bit after an extended run over the last couple of weeks.
The USD/BRL continues to traverse need important mid-term highs, and may entice speculative positions from traders who think they know the Forex pair’s short-term direction.
The recent decline of the US dollar allowed the price of gold to move higher and stabilize around the $1790 resistance level for 3 trading sessions in a row.
The British pound continues to rise, with only one loss out of the past five sessions.