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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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Get the EUR/USD Forex signal for July 18, 2017 here.
Gold prices ended Monday’s session up 0.4% at $1233.76 an ounce on growing perception that the U.S. central bank may be less willing to lift borrowing costs for a third time this year.
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The EUR/USD pair rallied again on Friday, but still has not broken out. The British pound finally broke above the 1.3050 level, and it now looks as if we are ready to go towards the top of the other consolidation area just above, which is a sign that we should go to the 1.3450 level.
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The WTI Crude Oil market initially fell during the day on Friday, but turned around to break above the $46.50 level. Natural gas is a market that I am extraordinarily bearish on, as you can see that the 50-day exponential moving average has continue to offer resistance.
The US dollar fell significantly during the day on Friday, as we continue to see concerns about whether the Federal Reserve can raise interest rates. The Australian dollar sliced through the 0.7750 level, an area that has been massively resistive.
The S&P 500 initially fell on Friday, but bounce significantly and broke above the 2450 handle. The NASDAQ 100 broke above the 5800 level, which of course was massive resistance
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