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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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Gold prices settled at $1346.48 an ounce on Friday, rising nearly 1% over the course of the week, as safe-haven demand continued to lure investors into the market.
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The EUR/USD pair rallied initially on Friday, but turned around to form a shooting star. The 1.20 level underneath is important, but I think that we will break down below there.
The US dollar fell significantly against the Japanese yen during the Friday session, and more importantly, broke below the 108.50 level.
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The WTI Crude Oil market fell significantly on Friday, breaking down below the bottom of a hammer.
The S&P 500 fell a bit during the day on Friday, as we continue to consolidate in a tight range above the 2450 handle.
Check out DailyForex.com's weekly Forex forecast focusing on major currency pairs for the week of September 11, 2017 here.
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Gold prices ended Thursday’s session up $14.62 an ounce, helped by a slumping U.S. dollar.