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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 rose $3.24 an ounce on Monday and hit the highest level since September 8, supported by a weaker U.S. dollar index.
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The EUR/USD pair broke out to the upside significantly, slicing through the 1.21 level, an area that has been vital as of late, offering a significant amount of resistance.
Bitcoin had a slightly positive session on Friday, bouncing from the lows that we had put in on Thursday.
The S&P 500 has showed another strong session on Friday, as the US dollar continues to unwind.
Oil markets initially fell during the day on Friday, and as we had formed a shooting star on Thursday, it looks like we may be getting a bit of a pullback.
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The US dollar has rallied initially during the trading session on Friday, but turned around to form a shooting star, just as we did on Thursday.
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Get the GBP/USD Forex signal for January 15, 2018 here.
Get the EUR/USD Forex signal for January 15, 2018 here.
Gold prices settled at $1338.20 an ounce on Friday, gaining 1.35% on the week, as the weakness in the U.S. dollar continued to lure buyers into the market.