Bitcoin had a strong session on Friday, clearing the $42,000 level and finally putting to bed questions as to whether or not it can break out of this consolidation area.
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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Gold markets got crushed during the Friday session on higher yields coming out the United States as 943,000 jobs were added to the payrolls during July.
The market is going to continue to see the overall downtrend play itself out against the Aussie, as we are testing the 0.7350 level.
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The FTSE 100 Index fluctuated during the trading session on Friday as we saw a lot of choppy behavior in general.
The EUR/USD pair declined to an important support level as the US dollar bounced back following the strong non-farm payrolls numbers.
The GBP/USD tilted lower after the strong US employment numbers that were published on Friday.
The AUD/USD pair held steady near the lowest level last week after the strong US jobs numbers and as Australia continued dealing with the new uptick of cases.
The BTC/USD staged a remarkable recovery during the weekend as demand for the coin held steady.
Start the week of August 9, 2021 with our Forex forecast focusing on major currency pairs here.
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Gold markets have fallen a bit during the course of the trading session on Thursday to dip down below the 200 day EMA, reaching down towards the $1800 level.
The FTSE 100 initially dropped a bit during the trading session on Thursday but continues to look above at the 7100 level as an area that could be crucial.
The S&P 500 has rallied to reach towards the 4420 level during the trading session on Thursday, as we are likely to try to break out to the upside.
The DAX initially pulled back ever so slightly during the trading session on Thursday but has seen quite a bit of buying pressure to push the market to the upside.
The NASDAQ 100 has rallied again during the trading session on Thursday, to break out to all-time highs.
The West Texas Intermediate Crude Oil market has bounced ever so slightly during the trading session on Thursday, which is a good sign.