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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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The S&P 500 broke higher during the course of the day on Friday, breaking the top of the wild candle from Thursday. The NASDAQ 100 broke higher as well, but did not clear the 4360 handle.
The WTI Crude Oil market rose slightly during the course the day on Friday, using the $38 level is a bit of a platform to go higher. Natural gas markets initially tried to rally during the day on Friday, but turned right back around to form a bit of a shooting star.
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The US dollar rose slightly against the Japanese yen during the session on Friday, but we are still very much trapped within the consolidation area that we’ve been in for some time. The AUD/USD pair broke the top of the hammer from the Thursday session during the day on Friday, and of course has cleared the 0.75 level as well.
The EUR/USD pair initially fell on Friday, but found enough support near the 1.11 level to turn things around and form a bit of a hammer. The GBP/USD pair broke higher during the course the day on Friday, clearing the 1.43 level.
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Gold prices settled at $1250.04 an ounce on Friday, suffering a loss of $9.58 on the week.
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Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 14, 2016.
The S&P 500 had a wild session during the day on Thursday as we went back and forth rather rapidly. The NASDAQ 100 went back and forth during the day as well, and quite frankly this looks very similar to the S&P 500.
The WTI Crude Oil market initially fell during the course of the session on Thursday, but found enough support just below to turn things back around and form a bit of a hammer. The natural gas markets continued on Thursday to show signs of support, as the market looks like it’s ready to continue trying to go higher.