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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 Euro initially tried to rally on Friday but then collapsed as German economic numbers disappointed.
The US dollar rallied significantly against most currencies around the world on Friday as there was a huge “risk off” attitude around the markets.
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The US dollar fell rather hard during the trading session on Friday, as we got poor PMI figures coming out of the United States.
The S&P 500 had a rough day on Friday, losing almost 2% at one point.
The WTI Crude Oil market fell rather hard during Friday as we sliced through the 200 day EMA.
Gold markets rallied a bit during the day on Friday, which has been the trend for several weeks now.
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The Euro fell rather significantly during the trading session on Thursday against the US dollar, which is a bit surprising considering how drastically bullish the pair had been during the previous session.
The S&P 500 shot straight up in the air during the trading session on Thursday, after initially selling off during the Globex session.
The WTI Crude Oil market went back and forth during trading on Thursday, as we continue to hang about the $60 level.
The US dollar went back and forth against the South African Rand during trading on Thursday, which was a bit surprising
The US dollar has initially fallen against the Japanese yen in a continuation of the selloff that we had seen on Wednesday.