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 NZD/USD Forex signal for May 9, 2016 here.
Get the AUD/USD Forex signal for May 9, 2016 here.
Get the USD/JPY Forex signal for May 9, 2016 here.
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Get the USD/CHF Forex signal for May 9, 2016 here.
Get the USD/CAD Forex signal for May 9, 2016 here.
Get the GBP/USD Forex signal for May 9, 2016 here.
Get the EUR/USD Forex signal for May 9, 2016 here.
The EUR/USD pair initially rallied during the day on Friday, but we found enough resistance just below the 1.15 level to turn the market back around and form a shooting star. The GBP/USD pair initially tried to rally during the day as well, and as a result it looks as if the sellers got involved above the 1.45 level, which has been resistance in the past.
The USD/JPY pair initially fell during the course of the session on Friday, but turned back around and form a bit of a hammer. The AUD/USD pair initially fell during the course of the session on Friday, but turned back around to form a hammer.
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The S&P 500 initially fell during the course of the day on Friday, but found enough support just below the 2040 level to form a hammer. The NASDAQ 100 initially fell as well, but found support at the 4280 level to turn things around and form a bit of a hammer.
The WTI Crude Oil market went back and forth during the course of the Friday session, in reaction to the volatility that we normally see during a Nonfarm Payroll Friday. The natural gas markets initially fell during the day on Friday but turned around to form a nice-looking hammer.
Gold ended the week down $2.64 at $1288.56 an ounce as hawkish comments from Fed officials weighed on the market.
Check out our trading strategies series with our monthly and weekly forecasts of the currency pairs worth watching using support and resistance for this week of May 9, 2016 here.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 9, 2016.
Get our weekly Forex forecast for the week of May 9, 2016 focusing on some of the major currency pairs.