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 $1347.45 an ounce on Friday, scoring a gain of 2.6% on the week, as a softer dollar and worries over growing trade tensions between the U.S. and China prompted investors to seek refuge in gold.
The WTI Crude Oil market had a bullish session on Monday, breaking over 2% to the upside.
The S&P 500 fell again on Friday, as we continue to see bearish pressure in the markets as we worry about a potential trade war between the United States and China.
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The U.S. stock market sold off quite strongly last week, ending the week near its low. It was the lowest closing price for about 4 months, and was only just above the S&P 500 Index’s 200-day simple moving average, a traditional measure of a market’s health
The US dollar initially rallied against the Japanese yen on Friday, reaching towards the previous uptrend line.
The EUR/USD pair pulled back slightly at the beginning of the session on Friday but turned around to show signs of support again.
Bitcoin fell against the US dollar during the trading on Friday, as we continue to drift around in a slow choppy pattern.
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The EUR/USD pair fell initially during trading on Thursday, reaching down towards the 1.2275 level, but then bounced later.
Gold prices fell $3.13 an ounce on Thursday as investors took profits from a rally spurred by a less hawkish than expected Federal Reserve and concerns over a brewing trade war with China.
Bitcoin markets fell a bit during the trading session on Thursday, rolling over from a shooting star that formed on Wednesday.
The WTI Crude Oil market pulled back significantly during trading on Thursday, as the $66 level continues to offer resistance.
The US dollar was very noisy during the trading session on Thursday, as the world awaits the results of trade tariffs being levied on China from the United States.