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 EUR/USD pair fell slightly during the Monday session, as we broke below the 1.18 level. The British pound fell during the session, breaking below the 1.3250 level.
The WTI Crude Oil market continues to show strength, and now that the Iraqi Army has entered Kurdistan, there are a lot of concerns when it comes to the disruption of oil around the world.
The US dollar fell against the Japanese yen initially at the open on Monday, but then found enough footing to break above the 112 level.
The S&P 500 rallied during the day after initially falling on Monday, showing signs of support at the 2550 level.
Gold prices moved lower on Monday as the dollar clawed back some of its recent losses.
Get the NZD/USD Forex signal for October 16, 2017 here.
Check out the AUD/USD Forex signal for October 16, 2017 here.
The EUR/USD pair tried to rally on Friday, but found enough trouble at the 1.19 level to turn around and form a shooting star like candle.
The US dollar fell significantly during the day on Friday, slicing through the 112 level. The Australian dollar rallied significantly on Friday, breaking above the 0.75 zero level.
Bonuses & Promotions
The WTI Crude Oil market rallied on Friday, breaking the top of the hammer that formed on Thursday, which of course bounced off the psychologically important $50 level.
The S&P 500 continues to show resiliency, as we rallied during the day on Friday. If the S&P 500 looks bullish, the NASDAQ 100 looks absolutely spectacular.
Get the BTC/USD Forex signal for October 16, 2017 here.
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