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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 ended Monday nearly unchanged after a quiet session as investors await speeches from Federal Reserve officials.
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The WTI market initially sold off during the day on Friday, but then turned around to show signs of strength after the stronger than anticipated job announcement coming out of the United States suggesting that perhaps demand will pick up. Natural gas markets initially fell during the day on Friday, testing the $2.75 level.
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The S&P 500 went back and forth during the day on Friday, as the jobs number rattled the market. The NASDAQ 100 has gone back and forth just underneath the 5900 level, and I think that the market is currently just trying to digest a lot of the gains that we have recently had.
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Gold ended the week down by 0.9% at $1258.72 as investors took profits from a recent rally that pushed the market to the highest level in six weeks and the dollar got a boost from a massive gain of 209000 jobs in July.
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Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for August 7, 2017.