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 use the 1.17 level for stability on Friday, as we continue to find buyers in this general vicinity. The British pound went back and forth during the day on Friday, hovering above the 1.2850 level.
The US dollar had a volatile session against the Japanese yen again, as we fell rather significantly. The Australian dollar rallied during the day on Friday, clearing the 0.79 level.
The S&P 500 had a positive session on Friday, using the 2425 level as support. The NASDAQ 100 rallied during the day, bouncing from a trend line that has been in effect from November of last year.
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The WTI Crude Oil market exploded to the upside on Friday, showing signs of life again. The natural gas markets fell during the session on Friday, as we continue to see a lot of choppiness and volatility.
Get the USD/JPY Forex signal for August 21, 2017 here.
Get the USD/CAD Forex signal for August 21, 2017 here.
Get the GBP/USD Forex signal for August 21, 2017 here.
Get the EUR/USD Forex signal for August 21, 2017 here.
Gold prices settled at $1284.62 an ounce on Friday, as the market’s inability to hold above the $1296 level and better-than-expected U.S. economic data prompted investors to unwind bullish bets.
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The EUR/USD pair fell initially on Friday, but found enough support underneath the 1.17 level to turn things around and form a hammer.
Thursday saw the WTI Crude Oil market fall significantly, but turned around and form a hammer. Natural gas markets fell initially during the day on Thursday, but found enough support at the $2.85 level to turn around and rally.
The USD/JPY pair fell significantly during the session on Thursday, as a bit of a “risk off” trade has been the case.