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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 rallied during the session on Monday, as the market has been far too oversold at this point to continue going lower. The British pound had a very strong showing on Monday, slamming into the 1.25 handle.
The WTI Crude Oil market gapped higher at the open on Monday, and then slammed into the previous uptrend line. The natural gas markets initially fell on Monday but found enough support to continue the move higher.
The S&P 500 rallied on Monday, slamming into the 2200 level. The NASDAQ 100 and rallied on Monday, using the 4800 level as support.
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The US dollar initially rallied on Monday but turned around to form a negative candle. The New Zealand dollar broke higher during the day on Monday, using the 0.70 level as a springboard.
Gold prices rose $6.36 on Monday, recovering a portion of last week's losses, as the U.S. dollar retreated after rising for 10 straight days.
Get the NZD/USD Forex signal for November 21, 2016 here.
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