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 prices settled at $1364.61 an ounce on Friday, a rise of 1.66% over the course of the week's trading, as upbeat U.S. economic data failed to alter investors’ outlook on Federal Reserve interest rate increases.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of July 11, 2016.
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The USD/JPY pair fell a bit during the course of the day here on Thursday, but as you can see is still well within the hammer from the Wednesday session. The Australian dollar initially tried to rally during the day on Thursday, but turned right back around to form a relatively negative candle.
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The WTI Crude Oil market had a very negative session during the day on Thursday, as we broke down through the $46 level.
The S&P 500 initially tried to rally during the course of the day on Thursday, but found the area above 2100 to be a bit too resistive.