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 USD/JPY Forex signal for November 21, 2016 here.
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Get the GBP/USD Forex signal for November 21, 2016 here.
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The Euro continues its descent against the United States dollar, as we are now obviously reaching towards the 1.05 level. The British pound fell on Friday as well, testing the 1.23 handle during the day.
The WTI Crude Oil market initially fell on Friday but turned around to show signs of resiliency. The natural gas markets broke to the upside during the day on Friday as well, reaching all the way towards the 2.85 handle.
The US dollar rallied again during the day on Friday against the Japanese yen, but quite frankly I think we are getting overextended. The AUD/USD pair fell hard on Friday again, as we start to reach towards the 0.73 level again.
The S&P 500 had a fairly quiet session on Friday, as we continue to hover around the 2180 handle. The NASDAQ 100 fell slightly on Friday, testing the 4800 level for support.
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Gold prices settled at $1209.08 an ounce on Friday, suffering a loss of 1.51% on the week, as renewed risk appetite and strong demand for the greenback continued to weigh on the market.
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The Euro continues to slide as the Thursday session initially saw buyers enter the market, and then the market roll over completely. The British pound try to rally on Thursday but found the 1.25 level to be far too resistive to overcome.
The WTI Crude Oil market try to rally initially during the day on Thursday but found enough selling pressure above to turn the market back around and form a shooting star. Natural gas markets continued to struggle as well, as the oversupply in that market also continues to hinder growth of price.