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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Forex Technical Analysis
Get the AUD/USD Forex signal for May 31, 2016 here.
Get the USD/JPY Forex signal for May 31, 2016 here.
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that there are would be a lack of liquidity due to the fact that the Americans were away celebrating Memorial Day.
The S&P 500 of course was closed during the Monday session as it was the Memorial Day holiday in America, but the CFD markets gapped higher and as a result it looks as if the buyers are still very much in control of this market.
The WTI Crude Oil market was very quiet during the session on Monday as Americans celebrated Memorial Day. Natural gas markets did very little during the session as well, simply because the Americans are by far the biggest traders of this commodity.
The USD/JPY pair initially rallied during the session on Monday, which of course would of been a little bit thin due to the fact that the Americans were celebrating Memorial Day. The AUD/USD pair fell initially during the day on Monday but turned around to form a hammer.
During the course of the session on Monday, the GBP/CHF pair initially tried to fall, but found enough support at the 1.45 level to turn things around and form a bit of a hammer.
Gold prices fell $8.30 an ounce yesterday, down for the ninth straight session to $1204.94, as worries over an imminent rate hike by the U.S. Fed persisted.
Get the USD/CAD Forex signal for May 31, 2016 here.
Check out the USD/CHF Forex signal for May 31, 2016 here.
Get the GBP/USD Forex signal for May 31, 2016 here.
Get the EUR/USD Forex signal for May 31, 2016 here.
Gold markets, the CFD variety, fell rather significantly during the Friday session as we appear set to test significant support below.
The EUR/USD pair had a very negative Friday, making a fresh new low. The GBP/USD pair initially tried to rally during the course of the session on Friday, but turned right back around to form a somewhat negative candle.
The WTI Crude Oil market initially fell during the day on Friday, but turned back around to form a hammer. Natural gas markets initially fell during the course of the day on Friday, but turned right back around and form a hammer as well.