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 S&P 500 had a back-and-forth type of session on Friday as the market digested the jobs numbers. The NASDAQ 100 and a choppy session as well, essentially ending up all but unchanged.
The USD/JPY pair fell during the day on Friday, drifting down towards the 113.50 level. The Australian dollar had a volatile session on Friday, initially falling but then turning around to test the 0.7450 region.
Gold ended the week down $6.13 at $1176.82 an ounce as strong U.S. economic data bolstered the case for the Federal Reserve to take a more hawkish stance on the monetary policy.
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The Euro rallied during the day on Thursday, as we continue to grind back and forth. The British pound got a bit of a reprieve during the day and broke much higher.
The US dollar fell a bit against the Japanese yen during the day on Thursday, as traders are starting to take profits on a massive move higher. The Australian dollar initially dipped during the day on Thursday but then rebounded a bit.
The S&P 500 initially rallied on Thursday but turned back to the very sign as we slammed into the 2190 handle. The NASDAQ 100 has been a bit of a laggard for some time now, but quite frankly this was a very strange move.
The WTI Crude Oil market broke above the $50 level during the session on Thursday, as we continue to see a lot of bullish pressure due to the OPEC production cut. Natural gas markets rose during the day, reaching towards the $3.50 level.
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