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 USD/JPY pair fell significantly at first during the day on the day, but turned back around to form a bit of a hammer. The AUD/USD pair broke higher during the course of the session on Monday, clearing the top of the hammer that had formed.
The EUR/USD pair rose during the course of the day on Monday, showing that the 1.08 level has offered quite a bit of support. The GBP/USD pair did break to a “higher high” at this point, so it does suggest that perhaps we are going to make a serious attempt to break above the 1.45 handle.
The S&P 500 went back and forth during the course of the session on Monday, as the 1940 level offered resistance, but we did see a bit of support in 1920. The NASDAQ 100 had a little bit more of a positive session than the S&P 500 did, but we still have to deal with the 4350 level before we can truly take off to the upside.
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The WTI Crude Oil market fell significantly during the course of the day on Monday, breaking below the $32 level. Natural gas markets gapped lower at the open on Monday, as we have broken significantly below the $2.20 level.
Gold prices ended Monday's session up 0.95%, or $10.53, to settle at $1128.26 an ounce as disappointing U.S. economic data pressured the dollar.
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The S&P 500 broke higher during the course of the session on Friday, breaking above the 1920 level. The NASDAQ 100 rose during the course of the day, using the 4150 level as a bit of a support level.
The WTI Crude Oil market gapped higher initially during the day on Friday, and then went back and forth to show quite a bit of volatility. The natural gas markets gapped higher at the open on Friday, breaking above the $2.20 level.
The USD/JPY pair rallied during the session on Friday as the Bank of Japan has indicated that negative interest rates are coming. The AUD/USD pair initially tried to rally during the session on Friday, but turned back around to form a nice-looking shooting star.