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 WTI Crude Oil market rallied on Monday, showing signs of strength as we tried to go to the $50 handle. Natural gas markets fell during the day after initially tried to rally on Monday, but found the area a bit too lofty.
The US dollar rallied against the Japanese yen during the session on Monday, as the 113.50 level has offered support. The Australian dollar rallied during the day on Monday, but found quite a bit of resistance near the 0.7450 level.
The S&P 500 rallied during the session on Monday, breaking above the 2400 level. The NASDAQ 100 rallied on Monday, breaking above the 5700 level.
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Gold prices ended Monday’s session up $2.26, extending their gains to a third straight session, as the dollar eased after U.S. manufacturing data came in weaker than expected.
Get the NZD/USD Forex signal for May 15, 2017 here.
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The EUR/USD pair rose during the Friday session after we had less than stellar US economic announcements come out. The British pound initially fell during the day on Friday but found support near the 1.2850 level again, just as we had on Thursday.
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The S&P 500 initially fell on Friday but did recover some of the losses later in the day. The NASDAQ 100 fell during the day on Friday initially, but continues to find plenty of support at the 5650 handle, showing that there is real resiliency in this market.
The WTI Crude Oil market initially fell on Friday, but then turned around to form a bit of a hammer. Natural gas markets broke higher during the day on Friday, after we had cleared the $3.33 handle.