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 initially gapped lower during the open on Monday, turned back around to fill that gap, and then fell below the 2000 level rather rapidly. The NASDAQ 100 and gapped lower at the open on Monday as well, and even showed much more weakness than the S&P 500 did.
The USD/JPY pair did very little during the day on Monday, which might be surprising for some out there, but the reality is that we are at such low levels that one has to wonder whether or not the Bank of Japan is going to get involved.
Gold prices rose on Monday but the precious metal's gains were limited by signs of stabilization in riskier markets and the strength in the dollar.
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Gold markets absolutely skyrocketed during the course of the session on Friday, as it was announced that the United Kingdom was leaving the European Union.
The EUR/USD pair fell rather significantly during the course of the day on Friday as the United Kingdom voted to leave the European Union.
The USD/JPY pair fell significantly during the course of the day on Friday as we ended up slicing through the 100 level at one point in time. The AUD/USD pair fell significantly during the course of the day as well, as the risk off move pummeled the so-called “risky” currency in this pair.
The S&P 500 fell rather significantly during the course of the day on Friday in reaction to the United Kingdom leaving the European Union. The NASDAQ 100 not only sell, but it actually fell through a large, round number in the form of 4300.