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 edged lower on Monday as investors took profits from a recent rally that pushed the market to the highest level in five months.
The WTI Crude Oil market initially tried to rally on Monday but rolled over slightly.Natural gas markets fell during the day as the $3.25 level has offered enough resistance to keep the market down.
The USD/JPY pair fell during the session on Monday, testing the 61.8% Fibonacci retracement level.
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The S&P 500 rallied during the day on Monday, as traders came back from the Easter holiday. The NASDAQ 100 rallied as well, testing the top of the shooting star from Thursday.
The EUR/USD pair rallied during the session on Monday, using the 1.06 level as a springboard.
Gold ended the week up $33.29 at $1287.68 as a weaker dollar and sagging risk appetite lured buyers back into the market.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar fell again on Friday, breaking the bottom of the neutral candle from Thursday, showing continuation.
Friday was of course very thin as far as trading volume is concerned, and at the end of the day we essentially ended up where we started.
The EUR/USD pair went back and forth during the day on Friday, as we tested the 1.06 level. The British pound rallied on Friday, but of course it is a very low-volume day.