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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 EUR/USD pair broke down below the vital 1.21 level during the trading session on Friday, but as you can see turned around to form a very strong looking hammer at a crucial level.
Bitcoin markets fell slightly during the session on Friday, losing a little bit over 1%. The market seems to have plenty of support underneath though, somewhere near the $9000 handle.
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The US dollar has rallied initially during the trading session on Friday but rolled over to form a bit of a shooting star.
The S&P 500 initially fell during trading on Friday but found enough support at the 20 SMA and the Bollinger Bands indicator, to turn things around and rally significantly to form a nice hammer.
The WTI Crude Oil market initially fell on Friday, breaking below the $68 level, and then turned around to form a bit of a hammer.
Gold ended the week down $12.11 at $1322.91 an ounce, pressured by a strong dollar, high U.S. bond yields and easing geopolitical concerns.
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The EUR/USD pair initially tried to rally during the trading session on Thursday, but comments from Mario Draghi suggesting that the ECB was going to keep interest rates lower for a more extended timeframe is weighing upon the Euro itself.
Bitcoin has been extraordinarily quiet during the Thursday session after selling off on Wednesday.
The US dollar has initially pulled back during the trading session on Thursday but found enough support around the 109 level to turn around and form a hammer.
The WTI Crude Oil market tried to rally during the day on Thursday but gave back most of the gains.
The S&P 500 rallied significantly during the trading session on Thursday, breaking above the 2660 handle.