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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USDCHF Analysis: Bulls failing at 0.9800 area
The US dollar tried to rally against the Japanese yen early in the day on Friday but has continued to find sellers on rallies.
The WTI Crude Oil market initially tried to rally during the trading session on Friday but then turned around to form a bit of a shooting star.
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The S&P 500 rallied a bit during Friday’s New York session, breaking above the top of the Thursday candle stick which of course is bullish.
Natural gas markets fell rather steeply early on during the trading session on Friday, reaching down below the $2.20 level.
The NASDAQ 100 rallied a bit during the trading session on Friday after breaking above the top of the choppy range on Thursday.
The Gold markets initially tried to rally on Friday but then fell somewhat as traders have gotten a bit exhausted.
The British pound rallied quite significantly during the trading session on Friday as we reached into the previous consolidation area.
I do believe that the Euro is going to eventually fall much lower, and the closing candlestick on Friday did suggest that a bit of a bounce was imminent.