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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 WTI Crude Oil market initially rallied during the trading session on Friday, but you can see that we have rolled over and formed a shooting star.
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The US dollar fell rather hard against the Japanese yen during the trading session on Friday.
The S&P 500 initially pulled back during the trading session on Friday, and then turned around to form a bit of a hammer.
The Euro rallied significantly during the trading session on Friday, reaching towards the 1.14 level.
Bitcoin rallied a bit during the trading session on Friday, but as you can see we have rolled over a bit, as the market has broken down significantly through the important $6000 handle, an area that has offered support for ages.
Gold prices ended the week up $11.77 at $1221.28 an ounce on safe-haven demand as U.S. stock indexes backed down from the previous week’s highs.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 18, 2018 here.
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The Euro initially fell during the trading session on Thursday but turned around to break above the 1.13 level again.
The bitcoin market broke down initially during trading on Thursday but did bounce enough to turn around and form a hammer.
The WTI Crude Oil market went back and forth during the trading session on Thursday but did see some gains just as we did on Wednesday.
The US dollar fell initially during trading on Thursday but bounced significantly from the ¥113 level to form a bit of a hammer.