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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 settled at $1267.07 an ounce on Friday, scoring a gain of 0.8% on the week, as uncertainty about economic and political stability increased desire for safe-haven diversification.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 29, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 29, 2017.
The EUR/USD pair initially tried to rally during the session on Thursday, but found enough resistance near the 1.1250 level to turn things around and form a bit of a shooting star.
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The USD/JPY pair rose slightly during the day on Thursday, as we continue to bounce around just below the 112 level. The Australian dollar initially tried to rally, but then rolled around and showed a very bearish price action.
The S&P 500 broke higher during the session on Thursday, breaking out above the recent highs that we had seen. The NASDAQ 100 broke higher again during the day on Thursday, reaching towards the 5800 level.
The WTI Crude Oil market initially tried to rally but after the OPEC announcement of an extension of the production cuts by 9 months, the market sold off.
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