EURUSD: More bearish but 1.1199 strong support
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 Bitcoin market pulled back a bit during the trading session on Friday, reaching towards the $10,000 level.
Looking at the stock market, you can see that we did try to rally a bit during the trading session on the S&P 500 for Friday, but then gave back the gains.
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The Gold markets gapped higher to kick off the trading session on Friday but have given back all of the gains to come down and fill the gap.
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The S&P 500 had an adventurous day, initially pulling back during the trading session on Thursday, showing signs of exhaustion.
The GBP/USD pair rallied significantly during the trading session on Thursday, wiping out a lot of previous resistance due to the fact that the Iranians are willing to come to the table with some type of an agreement.
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The Euro rallied during the trading session on Thursday, reaching towards significant resistance at the 1.13 level late in the day as it was revealed that the Iranians were willing to make significant concessions on the nuclear talks.
The US dollar broke down during the trading session on Thursday against the Japanese yen and what had been massive volatility.
The Australian dollar rallied significantly during the day on Thursday, breaking above the crucial 0.7050 level.
The crude oil markets got absolutely hammered during the trading session on Thursday, as we initially tried to rally but then broke down from there.
Natural gas markets tried to rally initially during the trading session on Thursday, reaching towards the $2.35 before rolling over after the inventory numbers came out.
Bitcoin markets rallied as expected during trading on Thursday, after forming a very neutral and supportive looking candle stick on Wednesday.