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 September 5, 2016 here.
The EUR/USD pair broke higher during the course of the day on Friday, clearing the 1.12 level at one point. The British pound initially tried to rally during the course of the session on Friday, but turned right back around to form a shooting star which of course is a negative sign.
The WTI Crude Oil market bounced significantly off of the $43 level during the day on Friday, as of course that supportive area has offered quite a bit into the market. Natural gas markets went back and forth during the course of the session on Friday, as the $2.75 level below continues offer quite a bit of support.
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The S&P 500 rallied during the course of the session on Friday, as we continue to see buyers every time this market drops. The NASDAQ 100 initially tried to rally during the course of the day on Friday in reaction to the less than anticipated jobs number.
The USD/JPY pair initially tried to rally during the course of the session but turned right back around to form a positive candle. The AUD/USD pair rallied during the course of the session on Friday, but gave back quite a bit of the gains in order to form a shooting star.
Gold prices settled at $1324.76 an ounce on Friday, scoring a gain of 0.34% on the week, as soft U.S. jobs data lured investors back into the market.
Get our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of September 5, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of September 5, 2016.
Begin the month of September 2016 with our weekly Forex forecast focusing on some of the major currency pairs here.
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During the day on Thursday, the WTI grade of crude oil got absolutely pummeled yet again. Natural gas markets got hit pretty hard during the session on Thursday as well.
The S&P 500 had a very volatile session on Thursday, as we continue to bounce around in fairly thin markets. The NASDAQ 100 initially fell during the day on Thursday but formed a hammer just as it did on Wednesday.
After forming a hammer on Wednesday, the Euro rallied against the US dollar and slammed into the 1.12 level. The British pound rose during the course of the day on Thursday, showing real strength.
Initially, the US dollar rallied against the Japanese yen but turned back around to form a bit of a shooting star on Thursday. The New Zealand dollar rallied during the day on Thursday, but still struggles at the 0.73 level.
Gold prices ended the month down 2.95% as a strong run in major equity markets around the globe and renewed confidence in the U.S. economy led investors to reduce their safe-haven positions.
Get the NZD/USD Forex Signal for September 1, 2016 here.