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 BTC/USD Forex signal for December 5, 2017 here.
The EUR/USD pair gapped lower during the trading session on Monday, testing the 1.18 level underneath.
The S&P 500 gapped higher at the open on Monday, but then rallied significantly. The NASDAQ 100 initially tried to rally as well, but found enough resistance near the 6400 level to turn around and drop significantly.
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The WTI Crude Oil market fell during most of the trading session on Monday, as we continue to grind back and forth
The US dollar rallied against the Japanese yen, gapping higher initially. The Australian dollar gap lower during the trading session on Monday, dancing around the 0.76 level.
Get the USD/JPY Forex signal for December 5, 2017 here.
Get the USD/CAD Forex signal for December 5, 2017 here.
Get the GBP/USD Forex signal for December 5, 2017 here.
Get the EUR/USD Forex signal for December 5, 2017 here.
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Gold prices ended Monday’s session up $2.34 an ounce as turbulence in world stock markets whetted investors’ appetite for the relative safety of the precious metal.
Get the NZD/USD Forex Signal for December 4, 2017 here.
Get the AUD/USD Forex Signal for December 4, 2017 here.
Get the BTC/USD Forex Signal for December 4, 2017 here.
The S&P 500 has been very volatile during the Friday session, reaching as low as the 2600 level, only to bounce and form a massive hammer. The NASDAQ 100 fell as well, dropping down to the 2650 handle, but turned around to form a massive hammer.
The US dollar was very volatile against the Japanese yen, as we broke down below the 112 level at one point during the day after it was announced that General Flynn is going to testify against the White House in the Russia probe. The Australian dollar rallied significantly during the course of the session on Friday, reaching towards the 0.7650 level, an area that has been resistive and supportive in the past.