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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Get the EUR/USD Forex signal for November 6, 2017 here.
Gold prices settled at $1270 an ounce on Friday, suffering a loss of 0.24% on the week, as expectations of tighter monetary policy in the U.S pushed the dollar higher.
Check out our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of November 6, 2017.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 6, 2017.
Get the Forex forecast for the week of November 6, 2017 featuring which pairs to pay close attention to during the week.
Gold prices rose slightly on Thursday and closed the session at $1275.88 an ounce.
The S&P 500 fell initially during the trading session on Thursday, breaking down to the 2565 handle. The NASDAQ 100 fell initially during the day, testing the 6200 level for support.
The US dollar initially fell during the trading session on Thursday, but turned around to form a hammer.
The WTI Crude Oil market initially fell during the trading session on Thursday, but found support underneath to turn around and form a positive candle.
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The British pound got absolutely hammered during the day as Mark Carney said after the interest rate hikes that the next interest rate hike will be a very gradual process, not something that happens immediately.
The EUR/USD pair has recently broken down below a head and shoulders pattern on the daily chart, which had a neckline near the 1.17 level.
The US dollar had to rally during most of the month of October against the Japanese yen, but as you can see, we continue to find resistance at the 114.50 level above.
The GBP/USD pair rallied a bit over the last month after initially falling with significance.
The New Zealand dollar was very negative during the back half of October, as the election results poured in from New Zealand.
The WTI Crude Oil market has been very bullish of the last several weeks, as October ended up being one of the better months that I have seen recently. T