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 February 8, 2016.
The WTI Crude Oil market initially tried to rally during the course of the day on Friday but turned back around as the $32 level offered far too much in the way of resistance. The natural gas markets bounced significantly on Friday, using the $2 region as a bit of a springboard.
The S&P 500 fell significantly during the course of the day on Friday as the jobs number came out a bit on the soft side. The NASDAQ 100 broke down rather significantly during the day on Friday
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The EUR/USD pair went back and forth during the course of the session on Friday, as the nonfarm numbers didn’t quite get to where we were expecting. The British pound fell during the session on Friday, breaking the bottom of the shooting star from the previous session.
The USD/JPY pair went back and forth during the course the day on Friday as it typically will do after a Non Farm Payroll announcement. The AUD/USD pair had a very negative day during the session on Friday, as the markets found the previous uptrend line to be far too resistive to continue going higher.
Gold prices ended the week up nearly 5% to settle at $1173.19 an ounce, the highest level since October 28.
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The WTI Crude Oil market tried to rally during the course of the day on Thursday but found far too much in the way of resistance above at the $38 level. Natural gas markets fell a bit during the course of the session on Thursday, breaking below the $2 level.
The S&P 500 went back and forth during the course of the day on Thursday, bouncing off the 1900 level, and then testing the 1930 level.You can say much of the same for the NASDAQ 100 which had a fairly neutral candle.
The Euro rallied during the session on Thursday, finally clearing the resistance barrier that had been causing this market to consolidate for some time. The GBP/USD pair broke out to the upside during the day on Thursday, but gave back quite a bit of the gains to form a shooting star.
The USD/JPY pair fell rather significantly during the course of the day on Thursday, as we prepare for the Nonfarm Payroll Numbers coming out later today. The AUD/USD pair initially broke out during the day on Thursday, clearing the top of the previous uptrend line which I have been suggesting is massive resistance.
Gold prices ended Thursday's session up nearly 1.2%, marking the fifth consecutive rise, as equity markets turned lower to surrender earlier gains and the dollar extended losses versus a basket of currencies.
Get the NZD/USD Forex Signal for February 4, 2016.