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 initially fell during the course of the session on Wednesday as the word got out that the presidential election was over, and Donald Trump won. The Australian dollar initially tried to break out during the day on Wednesday, but the 0.7750 level offered far too much in the way of resistance and because of this it looks like a very negative sign
The S&P 500 fell initially during the day on Wednesday, reaching all the way down to the 2030 handle. The NASDAQ 100 fell during the session on Wednesday, for the exact same reason: Donald Trump being elected.
Although safe-haven bids pushed up gold prices to their highest level since September 27, the market erased gains as global stock markets recovered and investors digested Donald Trump's surprise victory, leaving a tall upper shadow on the daily candle.
Get the NZD/USD Forex Signal for November 9, 2016 here.
Get the AUD/USD Forex Signal for November 9, 2016 here.
Get the USD/JPY Forex Signal for November 9, 2016 here.
Get the USD/CAD Forex signal for November 9, 2016 here.
Get the USD/CHF Forex signal for November 9, 2016 here.
Get the GBP/USD Forex signal for November 9, 2016 here.
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Get the EUR/USD Forex signal for November 9, 2016 here.
The EUR/USD pair drifted a little bit lower during the day on Tuesday, but we still have to deal with the 1.10 level below as massive support. The GBP/USD pair did almost nothing during the day on Tuesday as we have no interest whatsoever in moving during the election.
The WTI Crude Oil market went back and forth on Tuesday as we continue to see quite a bit of volatility. Natural gas markets had an extraordinarily bearish session on Tuesday, as we have sliced through the $2.65 level, which of course is a very bad sign.
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The S&P 500 had a very volatile session during the day on Tuesday, as the presidential elections obviously took center stage. The NASDAQ 100 had a slightly positive session on Tuesday, but again, just as with the S&P 500 I feel that it’s almost impossible to place any type of trade until we get the election results.
Get the NZD/USD Forex Signal for November 8, 2016 here.