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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Check out the USD/CAD Forex signal for May 15, 2017 here.
Get the USD/CHF Forex signal for May 15, 2017 here.
Get the GBP/USD Forex signal for May 15, 2017 here.
Get the EUR/USD Forex signal for May 15, 2017 here.
Gold prices rose for a second straight session and settled at $1228.17 an ounce on Friday as a series of economic data out of the world’s largest economy disappointed the market and weighed on the American dollar.
Our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for May 15, 2017
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of May 15, 2017.
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The EUR/USD pair went back and forth during the day on Thursday, testing the 1.09 level for resistance, and the gap below for support.
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The S&P 500 fell initially during the day on Thursday, but found enough support at the 2380 level to turn around and form a nice looking hammer.
The US dollar fell against the Japanese yen initially during the day as a bit of a “risk off” move started. Ironically, in a somewhat “risk off” session, the Australian dollar rallied.
The WTI Crude Oil market rallied on Thursday, breaking above the $47.50 level. The natural gas markets broke above the $3.33 level during the session on Thursday, showing signs real strength and I think we may go looking for the $3.50 level which will be more resistive.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices rose $5.93 an ounce on Thursday, erasing most of the losses posted earlier in the week, as falling U.S. stocks prompted a bit of safe-haven demand.
The EUR/USD pair initially tried to rally during the day on Wednesday, but found the 1.09 level to be too resistive. The British pound try to break above the 1.2950 level again during the day on Wednesday but turned around to form a shooting star.
The US dollar initially fell on Wednesday, but turned around to form a nice-looking hammer at the top of an uptrend by the time we closed.