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 EUR/USD pair broke higher during the day on Friday, as we continue to see bullish pressure in the EUR. GBP/USD traders send this market to the upside, reaching towards the 1.3150 level.
Gold ended the week up by 1.1% at $1268.90, the highest level since June 14, as the dollar came under fresh pressure on speculation that the Federal Reserve will likely wait at least until December to lift interest rates again.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for July 31, 2017.
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Gold markets went back and forth on Thursday in rather wild trading as Wall Street was out-of-control to say the least.
The EUR/USD pair initially tried to rally during the day, but pulled back on Thursday. The British pound also tried to rally initially during the day but then turned right back around to form a rather bearish looking candle.
The WTI Crude Oil market initially fell on Thursday just as it did on Wednesday, but then turned around to find buyers. Natural gas markets rallied during the day on Thursday, reaching the 50-day exponential moving average.
The USD/JPY pair initially tried to rally on Thursday but ran into a bit of trouble just below the 115 handle. The Australian dollar tried to rally during the session on Thursday, but found the area above the 0.0 level a bit too resistive.
Bonuses & Promotions
The S&P 500 initially fell during the session on Thursday as we continue to see volatility in the marketplace. A large position was placed in the futures market to the downside, and this started the algorithmic trading around the world.
Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data.
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