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 initially fell during the day on Friday, as most indices did. However, we turned around to form a hammer just as we did on Thursday, and that tells me that the market is ready to go higher. The NASDAQ 100 initially fell during the course of the session on Friday, and then bounced enough to form a bit of a hammer.
The USD/JPY pair broke down during the course of the session on Friday, breaking down below the bottom of the hammer from the Thursday session. The AUD/USD pair broke higher during the course of the session on Friday, as we continue to break above the 0.77 handle.
The WTI Crude Oil market fell significantly during the session on Friday, testing the $40 handle. The natural gas markets fell during the day as well, testing the $1.90 handle.
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Gold prices settled at $1233.84 an ounce on Friday, suffering a loss of $6.24 on the week, as a recovery in investor risk appetite dented the precious metal's appeal.
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The EUR/USD pair went back and forth during the course of the day on Thursday, showing bits of support after a significant fall during the Wednesday session. The GBP/USD pair fell initially during the course of the day on Thursday, but found enough support to turn around and form a hammer.
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The WTI Crude Oil market initially fell during the course of the session on Thursday, but turned right back around to form a bit of a hammer. The natural gas markets fell during the course of the day on Thursday, continuing to show quite a bit of resiliency by the sellers.
The S&P 500 initially fell during the course of the session on Thursday, but turned back around to form a bit of a hammer. The NASDAQ 100 went back and forth during the course of the session on Thursday, showing signs of resiliency and although we didn’t continue to go higher, we did not follow either.