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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 EUR/USD pair initially fell during the day on Friday, but turned around to form a hammer. The British pound fell during the day on Friday, reaching below the 1.25 handle.
The S&P 500 broke above the hammer from the Thursday session during the Friday session after the jobs number came out. The NASDAQ 100 rose during the day, the market should then go even higher.
During the session on Friday, we found quite a bit of resistance above the $54 level, as we have several times. The natural gas markets broke down on Friday, slicing through the $3.10 level to reach towards the $3.00 level.
The USD/JPY pair initially tried to rally on Friday, but as we went through the day, we ended up turning around and forming a bit of a shooting star. The US dollar had a volatile session as we typically do during the Nonfarm Payroll Fridays.
Gold prices settled at $1219.35 an ounce on Friday, gaining 2.26% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.
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During the Thursday session, the EUR/USD pair rallied initially during the day but turned around to form an exhausted looking candle. The British pound initially tried to rally during the day on Thursday as well, but also fell as we reached towards the 1.25 handle.
The USD/JPY pair initially fell on Thursday, testing the area below the 112.50 level. The Australian dollar broke higher during the day on Thursday, clearing the 0.76 level, which was massively resistive.
The S&P 500 initially fell during the session on Thursday, but continues to find support below the 2275 handle. The NASDAQ 100 initially fell on Thursday, but found enough support to turn around and form a nice looking hammer.