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 USD/JPY pair fell slightly on Friday, but quite frankly there is enough bullish pressure underneath that I believe it’s only a matter of time before the buyers get involved. The New Zealand dollar broke down during the day on Friday, finally slicing through the 0.70 level.
Gold ended the week down by 2% at $1133.70 an ounce, recoding a sixth consecutive weekly loss, as the U.S. dollar's strength against other currencies weighed on the market.
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Gold prices slipped for a third straight session on Thursday to settle at their lowest level since February 2 as the U.S. dollar extended its rally.
The Euro broke below the 1.05 level during the day on Thursday, a very significant breakdown. The GBP/USD pair broke down below the day on Thursday, slicing through the uptrend line and the 1.25 level below there.
The USD/JPY pair rallied on Thursday, as we continue to see bullish pressure in the greenback. The AUD/USD pair fell on Thursday as the US dollar continues to strengthen in general.
The S&P 500 found a bit of volatility during the session on Thursday, as we continue to hover above the 2250 handle. The NASDAQ 100 initially rallied on Thursday but turned around to form a bit of a shooting star.
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The WTI Crude Oil market fell initially on Thursday but found enough support at the $50 level to turn around and form a hammer. The natural gas markets fell during the day on Thursday, slicing below the previous consolidation.
Get the NZD/USD Forex signal for December 15, 2016 here.
Get the AUD/USD Forex signal for December 15, 2016 here.
Get the USD/JPY Forex Signal for December 15, 2016 here.
Get the USD/CAD Forex signal for December 15, 2016 here.
Get the USD/CHF Forex signal for December 15, 2016 here.