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.
The US dollar initially fell against the Japanese yen on Friday but turned around to form a hammer. The Australian dollar fell during the day on Friday, in reaction to several different factors, but quite frankly the gold markets are starting to look very soft.
Get the Forex forecast featuring some of the major currency pairs for the week of November 14, 2016 here.
The EUR/USD pair went back and forth during the session on Thursday, as the 1.0850 level below offered quite a bit of support, but there is most certainly quite a bit of resistance above. The British pound actually rallied during the session on Thursday.
The WTI Crude Oil markets fell slightly during the course of the day on Thursday, as we continue to consolidate in the current region. The natural gas markets went back and forth as well during the day, but they did form a little bit more of a negative candle than the WTI market.
The S&P 500 went back and forth during the day on Thursday, forming a slightly positive candle. The NASDAQ 100 went back and forth during the course of the session on Thursday just as we did in the S&P 500, however we did find quite a bit of negativity towards the NASDAQ 100.
The US dollar initially fell during the day on Thursday, testing the 105 level below. The Australian dollar had a very volatile session, covering quite a bit of space.
Gold settled down $18.56 at $1258.77 on Thursday as demand for the greenback and technical selling continued to weigh on the market.
Get the NZD/USD Forex signal for November 10, 2016 here.
Get the AUD/USD Forex signal for November 10, 2016 here.
Get the USD/JPY Forex signal for November 10, 2016 here.
Get the USD/CAD Forex signal for November 10, 2016 here.
Get the USD/CHF Forex signal for November 10, 2016 here.
Get the GBP/USD Forex signal for November 10, 2016 here.
Get the EUR/USD Forex signal for November 10, 2016 here.
The Euro initially rallied during the day on Wednesday, reaching all the way to the 1.13 level above. The British pound initially tried to rally during the day on Wednesday, but found the area above the 1.25 level to be massively resistive, so we ended up falling to form a shooting star.
