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 very tough day on Friday as traders are starting to worry about whether or not central banks can continue to list the markets. The NASDAQ 100 broke down significantly as well, testing the 4700 level.
Gold prices fell $9.59 on Friday, down for the third straight session to $1327.98 an ounce, as concerns that an interest rate increase may come sooner than expected and a strengthening dollar weighed on demand for the precious metal.
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The WTI True Oil market initially fell during the course of the session on Thursday, but found quite a bit of support just below the $46 level and the market shot higher. The natural gas markets also rose during the course of the day, slicing through the $2.75 level and more importantly the gap from the beginning of the week.
The S&P 500 had a relatively negative day during the session on Thursday, but we are still essentially in the middle of the consolidation area that we’ve been trading in for 2 months now. The NASDAQ 100 fell during the course of the day on Thursday, testing the 4800 level.
The USD/JPY pair initially fell during the day on Thursday, but turned right back around to form a fairly positive candle. The Australian dollar initially tried to rally during the day on Thursday but found the area above the 0.7675 level far too resistive yet again.
The Euro climbed initially during the US dollar during the Thursday session, but after the press conference by the European Central Bank, the Euro sold off. The British pound fell during the day as well, after initially trying to rally.
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The NZD/CHF pair initially tried to rally during the day on Thursday but turned right back around as the New Zealand dollar sold off in general.
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