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 $1250.04 an ounce on Friday, suffering a loss of $9.58 on the week.
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The S&P 500 had a wild session during the day on Thursday as we went back and forth rather rapidly. The NASDAQ 100 went back and forth during the day as well, and quite frankly this looks very similar to the S&P 500.
The WTI Crude Oil market initially fell during the course of the session on Thursday, but found enough support just below to turn things back around and form a bit of a hammer. The natural gas markets continued on Thursday to show signs of support, as the market looks like it’s ready to continue trying to go higher.
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The EUR/USD pair initially fell during the course of the day on Thursday, testing the 1.08 level below. The GBP/USD pair fell during the course of the session on Thursday, testing the 1.41 level for support.
The USD/JPY pair had a very volatile session during the day on Thursday, as we continue to bounce around in the recent consolidation area. The AUD/USD pair initially tried to rally on Thursday, but just as we had seen on Wednesday, somewhere above the 0.75 level there is a massive amount of resistance.
Gold rallied nearly 1.16% on Thursday, marking the first gain in three sessions, as a weaker dollar and losses in equity markets spurred demand for safe havens.
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