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 EUR/USD Forex signal for November 1, 2016 here.
The EUR/USD pair fell significantly at the beginning of the session on Monday, but did find enough support just above the 1.09 level to turn things back around. The GBP/USD pair fell slightly during the day but then bounced enough to form a somewhat supportive candle for Monday.
The USD/JPY pair bounced a bit during the day on Monday, after gapping lower. The Australian dollar broke higher during the day on Monday, clearing the top of the hammer from the session on Friday.
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S&P 500 markets rallied after initially falling on Monday, as the 2120 has offered quite a bit of support. The NASDAQ 100 did the same thing as well, bouncing off of the 4800 level for support, but as you can see ended up forming a shooting star which of course is very negative.
The WTI Crude Oil market gapped lower at the open on Monday, but then turned around to fill that gap and then fall significantly as we broke down below the $47 level. The natural gas markets fell rather significantly during the course of the day on Monday as well, crashing into the $3 handle.
Get the NZD/USD Forex signal for October 31, 2016 here.
Get the AUD/USD Forex signal for October 31, 2016 here.
Get the USD/JPY Forex signal for October 31, 2016 here.
Get the USD/CAD Forex signal for October 31, 2016 here.
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Get the USD/CHF Forex signal for October 31, 2016 here.
Get the GBP/USD Forex signal for October 31, 2016 here.
Get the EUR/USD Forex signal for October 31, 2016 here.
The euro rallied against the US dollar during the day on Friday, reaching above the couple of shooting stars. The GBP/USD pair initially fell during the course of the day on Friday but turned around to form a bit of a hammer.
The WTI Crude Oil market finally broke below the $49 level during the course of the Friday session, and for me that’s a sell signal. Natural gas markets of been a massive of the last several sessions as you can see, but during the Friday session we fell initially only to find support yet again at the 50-day exponential moving average and of course the $3 level.
The S&P 500 went back and forth during the course of the session on Friday, testing the 2120 level for support. The NASDAQ 100 initially rallied during the course of the session on Friday, but turned around to form a bit of a shooting star.