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 USD/CAD Forex signal for May 2, 2016 here.
Get the USD/CHF Forex signal for May 2, 2016 here.
Get the GBP/USD Forex signal for May 2, 2016 here.
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Get the EUR/USD Forex signal for May 2, 2016 here.
The EUR/USD pair had a rather positive session during the day on Friday, as we tested the 1.1450 level. The GBP/USD pair initially fell during the course of the session on Friday, but found support just below and ended up turning the market back around.
The USD/JPY pair fell during the course of the session on Friday, as we continue to see traders buying the Japanese yen. The Australian dollar fell during the course of the day on Friday but we still have plenty of support just below in order to keep the market somewhat afloat.
The S&P 500 fell significantly during the course of the session on Friday, testing the 2050 handle. The NASDAQ 100 fell significantly during the course of the session on Friday, but you can see that we found support right where we needed to find it, near the 4320 handle.
The WTI Crude Oil market went back and forth during the day on Friday, as the area above $46 ended up being just a bit too much for the buyers to overcome. The natural gas markets initially tried to rally during the course of the session on Friday but found the $2.20 level to be a bit too resistive.
Gold prices settled at $1293.97 an ounce on Friday, making a gain of 2.2% on the day and 5% over the month.
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The NZD/USD pair had a slightly positive month for April, but it appears that the market is struggling at the 0.70 level.
The USD/CAD pair fell significantly during the course of April, as it broke below the 1.30 level. With this, it looks as if we are reaching some type of inflection point.
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 2, 2016 here.
The EUR/JPY pair tried to rally during the course of the month a couple of times in April, but with this being the case it looks as if the downtrend is a very much in effect still, but I think that we may see a bit of consolidation at this point.
The EUR/USD pair went back and forth during the course of the month on April, as we continue to grind away between the 1.10 level on the bottom, and the 1.15 level on the top.
The AUD/USD pair initially found quite a bit of positivity during the course of the month of April, but at this point in time it appears that the market is starting to struggle. Get the May 2016 forecast for the AUD/USD pair here.