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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 rose $4.91 an ounce on Monday to settle at their highest level since March 3 as expectations of gradual rate hikes helped provide a lift to the metal.
Get the NZD/USD Forex signal for March 20, 2017 here.
Get the AUD/USD Forex signal for March 20, 2017 here.
Get the USD/JPY Forex Signal for March 20, 2017 here.
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Get the GBP/USD Forex signal for March 20, 2017 here.
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Gold prices settled at $1229.28 an ounce on Friday, scoring a gain of 2% on the week, as the dollar came under pressure.
The S&P 500 fell slightly on Friday, but quite frankly after all the exhaustion that the market shown, that’s not much of a surprise to me. The NASDAQ 100 fell slightly during the day as well, using the 5400 level as support.
The oil market simply cannot get out of their own way. Natural gas markets rallied on Friday, but I believe this is a simple retest of the psychologically important $3 handle.
The US dollar fell against the Japanese yen during the Friday session, breaking the back of a hammer from Thursday. The Australian dollar rose slightly against the US dollar on Friday as we continue to test the 0.77 region.