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 WTI Crude Oil market rallied a bit during the trading session on Friday, breaking above the top of the hammer from the previous session.
Gold prices ended the week up $7.67 at $1255.35 an ounce, snapping a three-week losing streak, as a retreat in the dollar sparked some short-side profit taking.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of December 18, 2017.
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Gold prices ended Thursday’s session down $2.14, weighed down by the dollar’s bounce on better-than-expected U.S. economic data.
The S&P 500 had a negative session on Thursday, reaching down to the 2650 handle before finding buyers.
The US dollar initially tried to rally against the Japanese yen during the Thursday session, but the 113-level offered far too much in the way of resistance
The WTI Crude Oil market initially fell during the session on Thursday, but found enough support at the uptrend line to turn around and form a nice-looking hammer.
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The EUR started of the day rather positively, but turned around as Mario Draghi started speaking, effectively doing what most central bankers do these days: try to kill their own currency.
Get the NZD/USD Forex signal for December 14, 2017 here.
The EUR/USD pair initially pulled back during the trading session on Wednesday, but after the FOMC Interest Rate Statement, the market should continue to go higher.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 was very noisy during the trading session on Wednesday, which is to be expected considering that we have the FOMC Interest Rate Statement
The US dollar fell apart against the Japanese yen during the trading session on Wednesday, after the interest rate statement was a little less than hawkish.
The WTI Crude Oil market initially tried to rally, but then rolled over the show signs of exhaustion during the day on Wednesday.