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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 Euro broke down below the 1.15 level during the day on Friday, a major area that I have been watching for some time.
The WTI Crude Oil market rallied after a significant selloff over the last couple of days on Friday.
The US dollar fell against the Japanese yen during trading on Friday but found a little bit of support underneath by the end of the day, forming a bit of a hammer.
Bitcoin markets fell during the trading session on wiping out about half of the gains from Thursday.
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The S&P 500 has dropped hard during the trading session on Friday, as concern about the Turkish lira falling over 11% has rocked the markets.
Gold prices ended the week down $2.37 at $1211.32 an ounce, marking a fifth weekly decline, as a rally in the U.S. dollar overshadowed concerns over a deepening economic crisis in Turkey.
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of August 12, 2018.
Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of August 12, 2018 here.
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The EUR/USD pair has fallen to very low levels to close out the session on Thursday.