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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 Euro initially fell on Friday but turned around to form a slightly positive looking hammer. The British pound broke out during the day on Friday, breaking the top of the shooting star from the Thursday session.
The WTI Crude Oil market initially fell on Friday but found enough support at the $50 level to turn around and form a hammer. The natural gas markets pulled back quite drastically during the day on Friday, but only long enough to find support at the $3.35 handle.
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The S&P 500 had a back-and-forth type of session on Friday as the market digested the jobs numbers. The NASDAQ 100 and a choppy session as well, essentially ending up all but unchanged.
The USD/JPY pair fell during the day on Friday, drifting down towards the 113.50 level. The Australian dollar had a volatile session on Friday, initially falling but then turning around to test the 0.7450 region.
Gold ended the week down $6.13 at $1176.82 an ounce as strong U.S. economic data bolstered the case for the Federal Reserve to take a more hawkish stance on the monetary policy.
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The Euro rallied during the day on Thursday, as we continue to grind back and forth. The British pound got a bit of a reprieve during the day and broke much higher.