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 US dollar rallied again during the day on Friday against the Japanese yen, but quite frankly I think we are getting overextended. The AUD/USD pair fell hard on Friday again, as we start to reach towards the 0.73 level again.
The S&P 500 had a fairly quiet session on Friday, as we continue to hover around the 2180 handle. The NASDAQ 100 fell slightly on Friday, testing the 4800 level for support.
Gold prices settled at $1209.08 an ounce on Friday, suffering a loss of 1.51% on the week, as renewed risk appetite and strong demand for the greenback continued to weigh on the market.
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The Euro continues to slide as the Thursday session initially saw buyers enter the market, and then the market roll over completely. The British pound try to rally on Thursday but found the 1.25 level to be far too resistive to overcome.
The WTI Crude Oil market try to rally initially during the day on Thursday but found enough selling pressure above to turn the market back around and form a shooting star. Natural gas markets continued to struggle as well, as the oversupply in that market also continues to hinder growth of price.
The US dollar broke higher against the Japanese yen during most of the Thursday session, and it’s only quite remarkable: tested the 110 level after forming a shooting star the previous day.
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The S&P 500 rallied during the day on Thursday as we continue to see buyers jump into this market. The NASDAQ 100 also rally during the day, and broke above the 4500 level.
Gold prices fell $9.01 on Thursday as the dollar strengthened after comments by Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates in December.
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