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 went back and forth during the day on Monday, as we formed a very neutral looking candle. I believe that the NASDAQ 100 has been running into a significant amount of resistance lately, and the candle that form during the day on Monday seems to acknowledge this.
The WTI Crude Oil market had a very choppy day during the Monday session, forming a fairly neutral candle. The natural gas markets initially fell during the day on Monday, but did turn right back around to form a bit of a hammer.
The world’s major markets were mixed last week with only the American stock markets closing up on the previous mark.
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The EUR/USD pair fell rather dramatically during the session on Friday, crashing into the 1.11 level. The British pound had a rough day during the session on Friday, testing the 1.30 level.
The USD/JPY pair did very little during the day on Friday as we continue to consolidate near the 102.50 region. The Australian dollar fell initially during the course of the session on Friday, but as you can see found a little bit of support below.
The S&P 500 initially fell on Friday but we found enough support near the 2130 level to turn things around and form a hammer. In the NASDAQ 100 we can see very similar circumstances, only we are towards the very highs and forming a hammer which of course is a very bullish sign.
The WTI Crude Oil market initially dipped below the $43 level on Friday, but found enough support to turn things around and form a hammer. The natural gas market initially fell during the day on Friday, dipping below the $2.88 level.
Gold ended the week down by 1.35% at $1310.10 an ounce, weighed down by a stronger dollar, weak physical demand in Asia and uncertainty surrounding Federal Reserve policy.